The effect of family ownership on the relation between executive compensation and performance: evidence from Thailand

摘要：

　　This study investigates the pay-performance relation for directors and managers in a sample of Thai public companies.It is hypothesized that family ownership mediates the pay-performance relations for directors and managers.The results show a strong link between managerial compensation and firm performance only for firms with low levels of family ownership.Conversely,there is a strong link between director compensation and firm performance only for firms with high levels of family ownership.The findings indicate that the relation between executive compensation and firm performance is more complex than previously documented.

关键词： corporate governance executive compensation firm performance family ownership

作者: J. Thomas Connelly Piman Limpaphayom Michael J. Sullivan

作者单位: Faculty of Commerce and Accountancy,Chulalongkorn University Portland State University and Sasin GIBA of Chulalongkorn University Lee Business School,University of Nevada at Las Vegas

会议类型: 国际会议

会议名称: 2017年经济与企业管理国际学术会议(FEBM2017)

会议地点: 上海

会议语种:英文

页码: 961-966

在线出版日期: 2017-10-21（万方平台首次上网日期，不代表论文的发表时间）