Please use this identifier to cite or link to this item:
|Title:||Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation.||Authors:||Ho, Carmen Jia Min.
Ko, Mui Hung.
Lim, Hui Yun.
|Keywords:||DRNTU::Business::Finance::Mergers and acquisitions
|Issue Date:||2012||Abstract:||This study highlights two highly controversial topics, specifically, executive compensation and mergers and acquisitions. We examine the effects of changes in M&A characteristics (firm performance, growth opportunities and liquidity) on changes in acquiring firm’s CEO compensation. Our sample consists of 313 acquisitions involving United States publicly-listed companies during the period 1998 to 2004. The empirical tests support our hypotheses that firm performance and liquidity have a significant positive association with changes in total compensation. We also prove that firm performance has a significant positive relationship with changes in stock options. Further analysis shows that significant variables affecting changes in total compensation are mainly driven by large deal size in the context of stock acquisitions.||URI:||http://hdl.handle.net/10356/48305||Rights:||Nanyang Technological University||Fulltext Permission:||restricted||Fulltext Availability:||With Fulltext|
|Appears in Collections:||NBS Student Reports (FYP/IA/PA/PI)|
Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.