文章基本信息

标题：Board of Director Characteristics and CEO compensation: Empirical Evidence from Iran
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作者：Mahroo Irani, Mahroo Irani ; Safari Gerayeli, Mehdi ; Valiyan, Hasan 等
期刊名称：Australasian Accounting, Business and Finance Journal
印刷版ISSN：1834-2000
电子版ISSN：1834-2019
出版年度：2017
卷号：11
期号：2
页码：105-117
出版社：University of Wollongong
摘要：This study aims to investigate the relationship between Board of Director characteristics and CEO compensation. This is semi-empirical study and statistical sample of research was based on 95 companies listed on the Tehran stock exchange from 2010 to 2014. Variables examined include the ratio of non-executive board members, CEO duality, ownership of institutional shareholders and managerial ownership as independent variables. Factors influencing CEO compensation were considered and the relationship between these variables was studied using multivariate regression. The findings indicate that there is a negative relationship between CEO compensation and managerial ownership. There is also a significant positive relationship between CEO compensation and CEO duality. However, there was no evidence for a significant relationship between ratios of non-executive board members and CEO compensation.
关键词：CEO compensation; ratio of non-executive board members; CEO duality; ownership; institutional investors; managerial ownership.