Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/47329
Title: Executive compensation, firm performance, earnings management and corporate governance.
Authors: Lee, Kin Wai.
Keywords: DRNTU::Business::Management
Issue Date: 2004
Abstract: This thesis contains two studies. In study one, I investigate whether dispersion of compensation among the top management team affects firm performance. As suggested by tournament theory, higher pay dispersion provides the incentives to motivate better organizational performance. In contrast, based on social and psychological considerations, equity-fairness theory suggests that greater pay dispersion reduces employees' effort, which translates to lower firm performance. Consistent with tournament theory, I find that firm performance is positively associated with the dispersion of compensation among the top management team. When within-firm interdependency is high, increasing dispersion of top management compensation reduces firm performance. Finally, large firms, high-growth and high technology firms have larger dispersion of compensation among the top management team.
Description: 101 p.
URI: http://hdl.handle.net/10356/47329
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Theses

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