IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02319682.html
   My bibliography  Save this paper

Does employee share ownership influence the level of remuneration of executives of French listed companies ? Empirical study of the SBF 120 stock market index (2009-2015)
[L’actionnariat salarié influence-t-il le niveau de rémunération des dirigeants de sociétés cotées françaises ? Étude empirique sur l’indice boursier SBF 120 (2009-2015)]

Author

Listed:
  • Imane Mohat

    (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon)

  • Djaoudath Alidou

    (CREGO - Centre de Recherche en Gestion des Organisations (EA 7317) - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

Abstract

Based on agency theory, the objective of this research is to study the influence of employee share ownership on the directors' remuneration in 120 French listed companies from the CAC All-Tradable stock market index between 2009 and 2015. The results of the study show that employee share ownership plays a direct and indirect role on the determinants of executive compensation. The results highlight a significant negative relationship showing that presence of elected employee directors on the board of directors tends to limit the managers' total remuneration component. Nevertheless, the results are nuanced according to the components of the remuneration studied.

Suggested Citation

  • Imane Mohat & Djaoudath Alidou, 2019. "Does employee share ownership influence the level of remuneration of executives of French listed companies ? Empirical study of the SBF 120 stock market index (2009-2015) [L’actionnariat salarié in," Post-Print hal-02319682, HAL.
    • Handle: RePEc:hal:journl:hal-02319682
    DOI: 10.4000/fcs.3569
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-02319682. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.