Corporate governance and CEO pay

Evidence from UK Travel and Leisure listed firms

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)9-14
Number of pages6
JournalTourism Management
Volume60
Early online date12 Nov 2016
DOIs
Publication statusPublished - Jun 2017
Externally publishedYes

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corporate governance
travel
firm
evidence
panel data
data analysis
performance
CEO pay
Chief executive officer
Leisure
Corporate governance
Compensation and Redress
Board characteristics
CEO tenure
CEO compensation
Board independence
Board size

Cite this

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title = "Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms",
abstract = "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.",
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Corporate governance and CEO pay : Evidence from UK Travel and Leisure listed firms. / Al-najjar, Basil.

In: Tourism Management, Vol. 60, 06.2017, p. 9-14.

Research output: Contribution to journalArticle

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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

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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.

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KW - Board characteristics

KW - CEO characteristics

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