"The influence of CEO compensation on firm performance and its relation to economic growth

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dc.contributor.advisorBoldyrev, Ivan
dc.contributor.authorWijst, Nick, van der
dc.date.issued2018-08-18
dc.description.abstract"This paper examines the link between CEO compensation and firm performance and its relation to economic growth on the non-financial EuroNext 100 firms from the period 2009-2016. This study uses two different models to estimate the relationship, namely fixed effects panel-data and Arellano-Bond linear dynamic panel-data where firm performance is lagged (t-1). Moreover, the compensation is divided into cash compensation and equity-based compensation and firm performance is measured using accounting-based measures (ROE & ROA) and a market-based measure (Tobin’s Q). The empirical results show that there is a significant positive relationship between cash compensation and the accounting-based measures for both models. Furthermore, CEO compensation and firm performance are also significantly positively related to economic growth based on the accounting-based measures for both models."en_US
dc.identifier.urihttps://theses.ubn.ru.nl/handle/123456789/6215
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationCorporate Finace & Controlen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.title"The influence of CEO compensation on firm performance and its relation to economic growthen_US
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