"The influence of CEO compensation on firm performance and its relation to economic growth
dc.contributor.advisor | Boldyrev, Ivan | |
dc.contributor.author | Wijst, Nick, van der | |
dc.date.issued | 2018-08-18 | |
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.uri | https://theses.ubn.ru.nl/handle/123456789/6215 | |
dc.language.iso | en | en_US |
dc.thesis.faculty | Faculteit der Managementwetenschappen | en_US |
dc.thesis.specialisation | Corporate Finace & Control | en_US |
dc.thesis.studyprogramme | Master Economics | en_US |
dc.thesis.type | Master | en_US |
dc.title | "The influence of CEO compensation on firm performance and its relation to economic growth | en_US |
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