TY - JOUR
T1 - Corporate governance and CEO pay
T2 - Evidence from UK Travel and Leisure listed firms
AU - Al-najjar, Basil
N1 - Not deposited 3 months within acceptance date or 3 months within epublication date. The accepted version was deposited within 3 months of final publication date. HN 02/11/2017 - Author at another UK HEI though
PY - 2017/6/1
Y1 - 2017/6/1
N2 - This paper investigates from the UK context, the impact of board and CEO characteristics on CEO compensation in Travel and Leisure firms. Namely we employ, board size, board independence and board meetings to reflect board characteristics. We also include two CEO features, CEO tenure and CEO age into our models. Using panel data analysis, the findings in this paper indicate that board size, board independence and CEO age are important factors affecting CEO pay. In addition, we report a positive non-linear relationship between CEO tenure and firm performance. Hence, using Travel and Leisure listed firms; we provide new evidence of the relationship between corporate governance and CEO compensation.
AB - This paper investigates from the UK context, the impact of board and CEO characteristics on CEO compensation in Travel and Leisure firms. Namely we employ, board size, board independence and board meetings to reflect board characteristics. We also include two CEO features, CEO tenure and CEO age into our models. Using panel data analysis, the findings in this paper indicate that board size, board independence and CEO age are important factors affecting CEO pay. In addition, we report a positive non-linear relationship between CEO tenure and firm performance. Hence, using Travel and Leisure listed firms; we provide new evidence of the relationship between corporate governance and CEO compensation.
KW - CEO compensation
KW - Board characteristics
KW - CEO characteristics
KW - Travel and leisure firms
UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-84994904896&doi=10.1016%2fj.tourman.2016.11.005&partnerID=40&md5=73c88427f0b7275399df3670243955da
U2 - 10.1016/j.tourman.2016.11.005
DO - 10.1016/j.tourman.2016.11.005
M3 - Article
VL - 60
SP - 9
EP - 14
JO - Tourism Management
JF - Tourism Management
SN - 0261-5177
ER -
