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Directors remuneration and companies’ performance: the comparison of listed companies in Poland and UK

Directors remuneration and companies’ performance: the comparison of listed companies in Poland and UK

Herdan, Agnieszka ORCID: 0000-0002-6514-2021 and Szczepanska, Katarzyna (2011) Directors remuneration and companies’ performance: the comparison of listed companies in Poland and UK. Foundations of Management, 2 (3). pp. 41-53. ISSN 2080-7279 (doi:https://doi.org/10.2478/v10238-012-0041-8)

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Abstract

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.

Item Type: Article
Additional Information: Open Access.
Uncontrolled Keywords: corporate governance, companies’ performance, director’s remuneration, agency cost, CEO compensation.
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of Accounting & Finance
Last Modified: 28 Nov 2018 09:35
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/22265

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