International studies document strong evidence that chief executive officer (CEO) remuneration is... more International studies document strong evidence that chief executive officer (CEO) remuneration is positively correlated with corporate performance. Prior Australian studies, however, find no positive link between CEO pay and performance. In this paper we re-examine the relationship between Australian CEO remuneration and firm performance using standard empirical models in the literature. We find that in every respect the Australian experience is consistent with the international experience documented for firms of US, UK and Canada. In particular, we document CEO pay-performance sensitivity to be positive and statistically significant.
International studies document strong evidence that chief executive officer (CEO) remuneration is... more International studies document strong evidence that chief executive officer (CEO) remuneration is positively correlated with corporate performance. Prior Australian studies, however, find no positive link between CEO pay and market performance. In the present paper we reexamine the association between Australian CEO remuneration and firm performance using standard empirical models from the international literature. We find that in every respect the Australian evidence is consistent with international findings for firms of the USA, UK and Canada. In particular, we document CEO pay-performance association as positive and statistically significant.
International studies document strong evidence that chief executive officer (CEO) remuneration is... more International studies document strong evidence that chief executive officer (CEO) remuneration is positively correlated with corporate performance. Prior Australian studies, however, find no positive link between CEO pay and performance. In this paper we re-examine the relationship between Australian CEO remuneration and firm performance using standard empirical models in the literature. We find that in every respect the Australian experience is consistent with the international experience documented for firms of US, UK and Canada. In particular, we document CEO pay-performance sensitivity to be positive and statistically significant.
International studies document strong evidence that chief executive officer (CEO) remuneration is... more International studies document strong evidence that chief executive officer (CEO) remuneration is positively correlated with corporate performance. Prior Australian studies, however, find no positive link between CEO pay and performance. In this paper we re-examine the relationship between Australian CEO remuneration and firm performance using standard empirical models in the literature. We find that in every respect the Australian experience is consistent with the international experience documented for firms of US, UK and Canada. In particular, we document CEO pay-performance sensitivity to be positive and statistically significant.
International studies document strong evidence that chief executive officer (CEO) remuneration is... more International studies document strong evidence that chief executive officer (CEO) remuneration is positively correlated with corporate performance. Prior Australian studies, however, find no positive link between CEO pay and market performance. In the present paper we reexamine the association between Australian CEO remuneration and firm performance using standard empirical models from the international literature. We find that in every respect the Australian evidence is consistent with international findings for firms of the USA, UK and Canada. In particular, we document CEO pay-performance association as positive and statistically significant.
International studies document strong evidence that chief executive officer (CEO) remuneration is... more International studies document strong evidence that chief executive officer (CEO) remuneration is positively correlated with corporate performance. Prior Australian studies, however, find no positive link between CEO pay and performance. In this paper we re-examine the relationship between Australian CEO remuneration and firm performance using standard empirical models in the literature. We find that in every respect the Australian experience is consistent with the international experience documented for firms of US, UK and Canada. In particular, we document CEO pay-performance sensitivity to be positive and statistically significant.
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Papers by Rachel Merhebi