Abstract
The present study analyses the relationships between corporate governance, CEO pay and the performance of corporate firms in Australia. Following J. E. Core, Holthausen, and Larcker (1999), this study analyses the role of corporate governance in executive pay design and the alignment of incentives of top management with that of shareholders. The sample consists of 1945 non-financial firm-years for the period 2005-2011. The average total compensation of CEOs of the sample firms stood at $1.44 million and in the wake of the Global Financial Crisis (GFC), the growth rate in average compensation declined in 2008 and 2009 before recovering in 2010.
| Original language | English |
|---|---|
| Pages (from-to) | 95-104 |
| Journal | Academy of Taiwan Business Management Review |
| Volume | 11 |
| Issue number | 1 |
| Publication status | Published - 2015 |
Keywords
- Financial Economics
- Finance
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