scholarly journals Say on Pay Laws, Executive Compensation, CEO Pay Slice, and Firm Value Around the World

2014 ◽  
Author(s):  
Ricardo Correa ◽  
Ugur Lel
Keyword(s):  
Executive Compensation ◽  
Firm Value ◽  
Say On Pay ◽  
The World ◽  
Ceo Pay

scholarly journals What Does “Say on Pay” Say about Audit Risk?

2014 ◽  
Vol 9 (1) ◽  
pp. A1-A12 ◽  
Author(s):  
X. Jasmine Bordere ◽  
Conrad S. Ciccotello ◽  
C. Terry Grant
Keyword(s):  
Executive Compensation ◽  
Audit Fees ◽  
Internal Controls ◽  
Risk Assessments ◽  
Control Group ◽  
Audit Risk ◽  
Say On Pay ◽  
Risk Environments ◽  
Ceo Pay ◽  
Compensation Plan

SUMMARY This paper examines a sample of 36 firms that received a majority of negative shareholder votes on their executive compensation plan in the first round of Dodd-Frank mandated “say-on-pay” voting in 2011. Relative to a control group, the 36 firms tend to perform poorly and have high CEO pay in the pre-vote period, and especially in 2010. We find that about 20 percent of the rejected firms also had income-decreasing restatements that impact the five-year period before the vote, compared to only 3 percent for a control group. The rejected firm sample also has weaker internal controls, as well as greater increases in audit fees in the year before the vote. The voting highlights how rejected firms tend to have higher audit risk environments in the years preceding the say-on-pay vote. In addition, since over half of the restatements occur after the say-on-pay vote, the findings also suggest that auditors should use voting as an input to their risk assessments.

scholarly journals CEO pay slice and firm value: evidence from UK panel data

2017 ◽  
Vol 9 (1) ◽  
pp. 43-62 ◽  
Author(s):  
Valentina V. Tarkovska
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
Ceo Pay

scholarly journals A Literature Review of the Perspectives of CEO Pay: An Analysis of Issues and Controversies

2018 ◽  
Vol 8 (4) ◽  
pp. 44
Author(s):  
Faitira Manuere ◽  
Precious Hove
Keyword(s):  
Corporate Governance ◽  
Literature Review ◽  
Executive Compensation ◽  
Ceo Compensation ◽  
Executive Pay ◽  
The Core ◽  
Good Corporate Governance ◽  
Ceo Pay ◽  
Conceptual Background

The purpose of this paper is to review the literature on various theories that are used in organisations today to determine executive compensation. This paper analyses the relevance of the theories that are used to determine CEO compensation in modern corporations. The paper makes an attempt to review extensively the literature on CEO compensation. This paper looks at the concerns of sixteen theories of executive compensation. This paper further analyses the special features that are associated with CEO pay. These features help us to understand the problems that experts on executive pay experience when they try to define the exact CEO pay when compared to other rewards that are non financial. The drivers of executive pay are quantified and qualified in order to provide the conceptual background needed to understand the core factors that determine executive pay. Therefore the role of institutional investors in driving managerial salary is explored in detail. Finally, the effects of firm size and good corporate governance on executive pay are carefully analysed.

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