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

    Fingerprint

Cite this