Determinants of CEO compensation in the hospitality industry

This study empirically investigated whether CEO pay is linked to company performance within the hospitality industry, and attempted to further identify determinants of executive compensation among selected variables used in this study for the hotel, casino, and restaurant sectors. Thus, the present study adds to the body of knowledge on executive compensation for the hospitality industry by newly identifying sector-specific variables; The data was gathered for the years 1995--2000 for 22 hotels (SIC 7011), 25 casinos (SIC 7990), and 61 restaurants (SIC 5812) respectively. The final samples of the restaurant, hotel and casino sectors consisted of 53, 77, and 188 observations respectively; This study found that the results of regression analysis at least partially support agency theory in the hotel, casino and restaurant sectors by demonstrating that some variables of firm performance are highly correlated with CEO compensation with the high-adjusted R Square of .756, .727, and .697 respectively. (Abstract shortened by UMI.).

Name thesis:degree_name

Master of Science (MS)

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Hotel Administration

Grantor dc:publisher

University of Nevada, Las Vegas

Year

2003

Author dc:creator

• Choi, Yoonhwa

Contributors dc:contributor

• Zheng Gu

Statement dc:rights

• IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

Language dc:language

English

Identifier

https://oasis.library.unlv.edu/rtds/1585

OAI identifier oai:identifier

oai:oasis.library.unlv.edu:rtds-2584