Investor protection, CEO pay and CEO turnover : International evidence

Show simple item record

dc.contributor.advisor Chen, C en
dc.contributor.advisor Wong, N en
dc.contributor.author Zhang, Sihong en
dc.date.accessioned 2015-09-07T03:17:51Z en
dc.date.issued 2015 en
dc.identifier.citation 2015 en
dc.identifier.uri http://hdl.handle.net/2292/26893 en
dc.description Full text is available to authenticated members of The University of Auckland only. en
dc.description.abstract This paper examines CEO compensation and turnover in eight countries (including Australia, India, Ireland, Malaysia, Netherlands, New Zealand, South Africa and United Kingdom) from 2000 to 2013 period and focuses on how legal investor protection affects compensation and replacement decisions. I use logistic regressions to investigate the association between investor protection and pay-performance sensitivity, and the association between investor protection and turnover-performance sensitivity. My empirical analysis documents that in firms with stronger investor protection, CEO cash compensation and turnover are more sensitive to accounting performance. And such an effect of investor protection is more pronounced for firms with low level of earnings management. However, the association between investor protection and the CEO pay-performance relationship is weaker after including equity-based compensation. en
dc.publisher ResearchSpace@Auckland en
dc.relation.ispartof Masters Thesis - University of Auckland en
dc.relation.isreferencedby UoA99264835405102091 en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights Restricted Item. Available to authenticated members of The University of Auckland. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.rights.uri http://creativecommons.org/licenses/by-nc-sa/3.0/nz/ en
dc.title Investor protection, CEO pay and CEO turnover : International evidence en
dc.type Thesis en
thesis.degree.discipline Accounting and Finance en
thesis.degree.grantor The University of Auckland en
thesis.degree.level Masters en
dc.rights.holder Copyright: The Author en
pubs.elements-id 496083 en
pubs.record-created-at-source-date 2015-09-07 en


Files in this item

Find Full text

This item appears in the following Collection(s)

Show simple item record

Share

Search ResearchSpace


Browse

Statistics