Advanced search ?

Object

Performance aside… the organizational and director level determinants of boards’ compensation
Download

Title: Performance aside… the organizational and director level determinants of boards’ compensation

Creator:

Osiichuk, Dmytro

Description:

Argumenta Oeconomica, 2021, Nr 1 (46), s. 99-129

Abstrakt:

Relying on a cross-country panel database, the paper explores the non-performance-related factors affecting the remuneration of supervisory boards. The author demonstrated that entrenched boards benefiting from statutory limitations on director removal and limited director liability receive a higher compensation. In contrast to previous studies, it was shown that the CEO’s power over the board positively contributes to the directors’ remuneration suggesting that the lack of checks on executives may undermine the board’s ability to monitor the management. Overall, a higher workload, board diligence, independence, expertise and experience are shown to increase directors’ remuneration. However, the rewards for advanced tenure and supermajority-backed independence vanish in the tails of distributions of the respective variables. Those boards with the majority of directors possessing board-specific skills are seen to receive lower compensation possibly due to the higher substitutability of board members. Generally, the study proved that there is a certain saturation point when it comes to board independence, skills, and tenure. The use of executive retention and compensation- enhancing tools are seen to increase board compensation while simultaneously contributing to the widening in-house wage disparities

Publisher:

Publishing House of Wroclaw University of Economics and Business

Place of publication:

Wroclaw

Date:

2021

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2021.1.05 ; oai:dbc.wroc.pl:110256

Language:

eng

Relation:

Argumenta Oeconomica, 2021, Nr 1 (46)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Argumenta Oeconomica

Object collections:

Last modified:

Apr 17, 2024

In our library since:

May 31, 2021

Number of object content hits:

336

All available object's versions:

https://dbc.wroc.pl/publication/152471

Show description in RDF format:

RDF

Show description in OAI-PMH format:

OAI-PMH

Edition name Date
Performance aside… the organizational and director level determinants of boards’ compensation Apr 17, 2024

Similar

Argumenta Oeconomica
Argumenta Oeconomica

Are there any negative career consequences for executives and directors working in stigmatized industries?

Osiichuk, Dmytro

2022
artykuł
Financial Sciences. Nauki o Finansach
Financial Sciences. Nauki o Finansach

Determinants of the liability maturity of Polish companies

Mielcarz, Paweł Osiichuk, Dmytro

2016
artykuł
More
×

Citation

Citation style:

Contact details

Address

Wrocław University of Science and Technology (Coordinator)
Library of Wrocław University of Science and Technology
Wybrzeże Wyspiańskiego 27
50-370 Wrocław, Poland

Phone

(+48) 71-320-38-30
(+48) 71-320-47-50

E-Mail

bc@pwr.edu.pl

Visit us!

https://biblioteka.pwr.edu.pl/

This page uses 'cookies'. More information