dc.contributor.author | Faghani, M | |
dc.contributor.author | Monem, R | |
dc.contributor.author | Ng, C | |
dc.date.accessioned | 2017-10-03T12:30:38Z | |
dc.date.available | 2017-10-03T12:30:38Z | |
dc.date.issued | 2015 | |
dc.identifier.issn | 1727-9232 | |
dc.identifier.doi | 10.22495/cocv12i3p3 | |
dc.identifier.uri | http://hdl.handle.net/10072/140977 | |
dc.description.abstract | We investigate the consequences of Australia’s ‘say on pay’ regulation on the chief executive officer (CEO) compensation using recent data. We find that, for the ‘first-strike’ firms that avoided a ‘second strike’ (the treatment firms), a reduction in CEO total remuneration is positively associated with a lower level of shareholder dissent votes on the following remuneration report. We also find that, unlike control firms, the treatment firms increased the proportion of CEO’s performance-based pay in the year following the ‘first strike’ and such an increase is negatively related to a change in shareholders’ dissent level. Further, detailed descriptive analysis suggests that the ‘first-strike’ firms made relatively more frequent and larger pay reductions by reducing the level of pay in one or more components of the CEO pay. | |
dc.description.peerreviewed | Yes | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Virtus Interpress | |
dc.relation.ispartofpagefrom | 28 | |
dc.relation.ispartofpageto | 39 | |
dc.relation.ispartofissue | 3 | |
dc.relation.ispartofjournal | Corporate Ownership & Control | |
dc.relation.ispartofvolume | 12 | |
dc.subject.fieldofresearch | Financial accounting | |
dc.subject.fieldofresearch | Corporate governance | |
dc.subject.fieldofresearchcode | 350103 | |
dc.subject.fieldofresearchcode | 350701 | |
dc.title | 'Say on pay' regulation and chief executive officer pay: Evidence from Australia | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
dc.description.version | Version of Record (VoR) | |
gro.faculty | Griffith Business School, Department of Accounting, Finance and Economics | |
gro.rights.copyright | © 2015 VirtusInterpress. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version. | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Monem, Reza | |