Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms

Basil Al-najjar

doi:10.1016/j.tourman.2016.11.005

Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms

Basil Al-najjar

Birkbeck, University of London

Research output: Contribution to journal › Article › peer-review

40 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 language	English
Pages (from-to)	9-14
Number of pages	6
Journal	Tourism Management
Volume	60
Early online date	12 Nov 2016
DOIs	https://doi.org/10.1016/j.tourman.2016.11.005
Publication status	Published - 1 Jun 2017
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 5 Gender Equality
SDG 8 Decent Work and Economic Growth
SDG 16 Peace, Justice and Strong Institutions

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http://eprints.hud.ac.uk/id/eprint/32846/Licence: CC BY-NC-ND

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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.",

keywords = "CEO compensation, Board characteristics, CEO characteristics, Travel and leisure firms",

author = "Basil Al-najjar",

note = "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",

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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.

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KW - Board characteristics

KW - CEO characteristics

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DO - 10.1016/j.tourman.2016.11.005

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VL - 60

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JO - Tourism Management

JF - Tourism Management

ER -

Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms

Abstract

UN SDGs

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