Impact of Firm Performance, Size, and Acquisition on Executive Compensation

dc.contributor.author	Khan, Zazy
dc.contributor.author	Nguyen, Van Diem
dc.date.accessioned	2010-06-23T07:34:28Z
dc.date.available	2010-06-23T07:34:28Z
dc.date.issued	2010-06-23
dc.identifier.uri	http://hdl.handle.net/2077/22664
dc.description	MSc in Finance	sv
dc.description.abstract	Prior economic literature has long debated on the determinants of managerial remuneration. This paper examines the impact of corporate performance, size, and acquisition on CEO’s cash compensation of 315 firms listed on the Stockholm Stock Exchange during 2001-07. The analysis adopts multiple approaches including OLS cross-sectional study on period growth, panel analysis on levels through the within approach, and dynamic model with the most advanced methods of difference and system GMM. We find that performance is more important than growth in determining pay changes, but size-related heterogeneity is crucial. Acquisition direct impact on pay is generally undetected.	sv
dc.language.iso	eng	sv
dc.relation.ispartofseries	Master Degree Project	sv
dc.relation.ispartofseries	2010:131	sv
dc.subject	Performance	sv
dc.subject	Size	sv
dc.subject	Acquisition	sv
dc.subject	CEO compensation	sv
dc.title	Impact of Firm Performance, Size, and Acquisition on Executive Compensation	sv
dc.type	Text
dc.setspec.uppsok	SocialBehaviourLaw
dc.type.uppsok	H2
dc.contributor.department	University of Gothenburg/Graduate School	eng
dc.contributor.department	Göteborgs universitet/Graduate School	swe
dc.type.degree	Master 2-years