Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 16 of 16 for “"Equity-Based Compensation"”.
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The impact of equity-based remuneration on corporate risk strategy in the Australian mining sector
… empirically examines whether CEO and director equity-based compensation influenced the risk strategy of listed Australian mining sector companies during 2004 to 2013, and whether risk strategy influenced shareholder value creation. The study had three broad objectives. The first was to identify …
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Impacts of Executive Compensation on Employee Wages
We study the impact of CEO equity-based compensation (EBC) on employee wages. Using pay-performance sensitivity (PPS) as a measure for CEO equity-based compensation, we find that CEOs with higher EBC tend to pay their employees lower wages. We also examine the impact of EBC on average employee wage …
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The Effect of Audit Committee Compensation on the Procurement of Non-audit Services
<p>Over the last decade, audit committee member compensation has shifted from a cash compensation structure toward a more equity-based compensation structure, with members on the audit committee holding substantially large equity positions. Although contrasting viewpoints exist as to whether more …
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The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange
For several decades equity-based compensation has been used as a tool to align the incentives of company executives and employees with those of the company shareholders. For instance globally, during the 1990's, there was and explosion in the issuance of employee stock options. This served several …
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From Private to Public: Why Do Alternative Asset Managers Go Public?
… holdings, (2) incentivizing employees through equity-based compensation, (3) providing permanent capital to fund organic growth and external acquisitions, and (4) enhancing brand and reputation. Although this study acknowledges the costs and potential disadvantages associated with going public, …
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Private Equity Executive Compensation
Abstract I compare compensation arrangements of firms with private equity and public debt and firms with arrangements public equity and public debt. In a sample of 77 firms, I find that privately held firms offer less bonus compensation in levels, but more as a percentage of total income, less …
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Risk-Return Tradeoffs and Managerial incentives
… role of such risk-return tradeoffs in incentive compensation design. Using measures based on the firm’s stock price, I find that shareholder value increases with risk, consistent with managerial risk aversion imposing agency costs on shareholders. I also find that firms provide managers with more …
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Managerial Risk-Taking and Secured Debt: Evidence from REITS
… that secured debt ratio is affected by executive compensation and increases in managerial risk-taking incentive. Second, I posit that this positive relation can be explained in two possible ways. ?Free cash flow hypothesis? gives the reason that firms with high risk-taking incentives would like to …
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Three Essays On Executive Compensation
Executive compensation and its potential importance in aligning shareholder and management interests has been an extensively researched area within corporate finance. We study executive compensation while addressing several unresolved issues in the literature. In essay one, we examine CEO …
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EXECUTIVE COMPENSATION RESTRICTIONS AND SHAREHOLDER WEALTH MAXIMIZATION DURING THE FINANCIAL CRISIS: EMPIRICAL EVIDENCE FROM U.S. BAILED-OUT COMPANIES
… the board of directors, setting value-maximizing compensation packages, employing leverage, and using other internal policies. Extensive discussion on corporate governance and regulations has motivated financial experts to conduct research on governance mechanisms and their relations to firm …
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THE IMPACT OF INTERNAL REVENUE CODE SECTION 162(M) ON PAY FOR PERFORMANCE: A REEXAMINATION
… paid to each of its top five executives, on CEO compensation level, CEO compensation structure and pay for performance sensitivity. I find that the average level of CEO salary decreased after the implementation of Section 162(m) and that firms that paid their CEOs salary no less than $1 million …
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An investigation into recent developments in employee incentive schemes used by companies listed on the Johannesburg Stock Exchange
For several decades equity-based compensation has been used as a tool to align the incentives of company executives and employees with those' of the company shareholders. For instance globally, during the 1990's, there was an explosion in the issuance of employee stock options. This served several …
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Three Essays on Compensation and the Board of Directors
… whose boards they are members during the year. Based on my estimates, the director-specific component is responsible for around ±3.5% of total CEO pay or around ±$230,000 per CEO-year on average. In addition to affecting CEO pay levels, the director-specific component also has a significant …
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Three essays on corporate governance in the hospitality industry
… governance in the hospitality literature. Based on 115 peer-reviewed articles published since 1961, I identify 21 themes explored by scholars, and find that topics related to institutional ownership, executive compensation determinants, board size, and merger and acquisition (MandA) …
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Essays in empirical corporate finance and investment
… the relationship among payout policy, executive compensation and earnings management. To establish a causal effect, we are revisiting and expanding previous research questions and examining them from another viewpoint with identification strategies. Specifically, we are seeking to understand …
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Mitigating secondary agency problems: examining the impact of share option compensation for non-executive directors on CEO pay incentives and earnings management
… first, it analyses trends in share option compensation for NEDs during the pre–King III period (before they were stopped). The idea is to determine whether the decision to stop them was triggered by a significant increase in their use. The trend analysis is extended to observe changes in …