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Changes in directors' incentive plans and the performance of firms in the UK

Author

Listed:
  • Kubo, Katsuyuki
  • 久保, 克行
  • クボ, カツユキ

Abstract

Although many companies in the UK adopted an incentive plan for their directors in response to the Cadbury recommendation, few studies have examined the effect of these incentive programmes on firm performance. We investigate whether companies with these incentive plans achieve better performances than those without. The most striking feature of this research may be that we find a strong connection between incentive compensation plans and the performances of firms. In particular, we find a positive relationship between the change of compensation policy and the change of firm performance.

Suggested Citation

  • Kubo, Katsuyuki & 久保, 克行 & クボ, カツユキ, 2001. "Changes in directors' incentive plans and the performance of firms in the UK," CEI Working Paper Series 2001-3, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hitcei:2001-3
    Note: Running title: Changes in directors' incentive plans, March, 2001
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/13947/wp2001-3a.pdf
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    Cited by:

    1. Azleen Shabrina Mohd Nor* & Nahariah Jaffar & Zarehan Selamat & Salmi Mohd Zahid & Norhazlin Ismail, 2018. "Corporate Influences and Financial Reporting Quality in Pre- and Post-Adoption of the Malaysian Financial Reporting Standards," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 52-60:3.

    More about this item

    Keywords

    Executive compensation; corporate governance; incentive;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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