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dc.contributor.authorFaghani, M
dc.contributor.authorMonem, R
dc.contributor.authorNg, C
dc.date.accessioned2017-10-03T12:30:38Z
dc.date.available2017-10-03T12:30:38Z
dc.date.issued2015
dc.identifier.issn1727-9232
dc.identifier.doi10.22495/cocv12i3p3
dc.identifier.urihttp://hdl.handle.net/10072/140977
dc.description.abstractWe 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.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherVirtus Interpress
dc.relation.ispartofpagefrom28
dc.relation.ispartofpageto39
dc.relation.ispartofissue3
dc.relation.ispartofjournalCorporate Ownership & Control
dc.relation.ispartofvolume12
dc.subject.fieldofresearchFinancial accounting
dc.subject.fieldofresearchCorporate governance
dc.subject.fieldofresearchcode350103
dc.subject.fieldofresearchcode350701
dc.title'Say on pay' regulation and chief executive officer pay: Evidence from Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionVersion of Record (VoR)
gro.facultyGriffith 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.hasfulltextFull Text
gro.griffith.authorMonem, Reza


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