Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
What determines Chief Executives compensation?: An empirical study of the compensation to Chief Executive Officers in Swedish listed firms during 2007 to 2010
Södertörn University, School of Social Sciences.
Södertörn University, School of Social Sciences.
2014 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Chief Executive Officers (CEO) remuneration has been a hot topic the last couple of years and has brought a great amount of attention in the media, when some companies have increased the CEO’s compensation even though the firm have been reporting lower earnings. Bonus systems have recently become more frequent to increase CEOs incentives, but have also been a disputed subject since the financial crisis in 2008.

The aim of this thesis is to study the relation between CEO compensation and companies’ size as well as performance. The study extends over a four-year period, from 2007 to 2010, comprising the companies within the finance and real estate industry listed under large-, mid and small cap on NASDAQ OMX Stockholm. A four-year period from 2000 to 2003 and a  three-year period after the financial crisis from 2011 to 2013 is analyzed and taken into account in the study to get a deeper understanding of how the compensation has varied over time. The study takes a quantitative approach using secondary data from the companies’ annual reports. A pooled regression analysis is used as the statistical method where we are able to take multiple companies into account over several periods.

The empirical results find that there is no significant relation between CEO compensation and firm performance. The study does however show a strong positive relation with market capitalization, suggesting that the companies’ size have a great effect on the CEO compensation.

Place, publisher, year, edition, pages
2014. , 43 p.
Keyword [en]
CEO compensation, principle-agent theory, pay-for-performance, resource-based theory, Sweden
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-25824OAI: oai:DiVA.org:sh-25824DiVA: diva2:779954
Subject / course
Economics
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2015-01-13 Created: 2015-01-13 Last updated: 2015-01-13Bibliographically approved

Open Access in DiVA

fulltext(1206 kB)229 downloads
File information
File name FULLTEXT01.pdfFile size 1206 kBChecksum SHA-512
cc5fbcf4e8cbbef48d69ed67ce4568d50650716a383f5e944262ea583ef76ad9eaba52ac7c2914847618d2febfc7017162030b84833b1999f98f7cd9fdd20630
Type fulltextMimetype application/pdf

By organisation
School of Social Sciences
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 229 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 517 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf