CEO compensation in high-tech firms and changes in the SFAS No 123 (R)
AbstractThis study examines the effects of the introduction of the FASB statement 123 (R) on corporate performance and Chief Executive Officer (CEO) compensation in high-technology firms. The total CEO compensation and short- and long-term compensations were tested regarding corporate performance. Panel data SUR models were estimated that describe total compensation and cash compensation as a proportion of total pay for the period between 2000 and 2010. The findings indicate that there is a positive relation between CEO compensation and firm performance in high-tech firms after the FASB statement 123 (R) is implemented, but with less intensity than before. This econometric study provides a better understanding of the relationship between CEO compensation and performance in high-technologies firms before and after the FASB statement 123 (R).
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Bibliographic InfoPaper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 518.
Length: 21 pages
Date of creation: Dec 2013
Date of revision:
Executive compensation; Corporate finance; FASB statement 123 (R);
Find related papers by JEL classification:
- M52 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- M48 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Government Policy and Regulation
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