Directors Remuneration and Companies' Performance the Comparison of Listed Companies in Poland and UK

• Autorzy: Agnieszka Herdan , Katarzyna Szczepańska
• Języki publikacji: EN

Abstrakty

EN

This paper examines the determinants of CEO compensation. There are many factors that influence CEO compensation. For this research three factors has been selected: companies size, accounting factor and market factor. The study looks at the relationship between each of this factors and directors remuneration. Sample of companies listed on London Stock Exchange (LSE) and Warsaw Stock Exchange (WSE) has been investigated over the period of 2007 - 2010. Data has been collected through annual reports content analysis and announcement on websites of LSE and WSE. Linear regression has been run on collected data. Positive correlation has been found between directors' remuneration and companies' size in both British and Polish listed companies. The relationship is also positive between directors pay and companies performance. Companies' performance has been assets by return on equity ratio (ROE) and Tobin's Q. All the findings are consistent with the outcome presented within previous research by variety of scholars. (original abstract)

Słowa kluczowe

EN

Corporate governance; Financial performance; Chief Financial Officer (CFO)

PL

Ład korporacyjny; Wynik finansowy; Dyrektor finansowy

• Czasopismo: Foundations of Management
• Rocznik: 2011
• Tom: 3
• Numer: nr 2
• Strony: 41--54

Twórcy

autor

Agnieszka Herdan

• University of Greenwich, London, United Kingdom

autor

Katarzyna Szczepańska

• Warsaw University of Technology, Poland

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