Perceptual Determinants of Executive Compensation: Survey-Based Evidence from India

Q3 Business, Management and Accounting Indian Journal of Corporate Governance Pub Date : 2018-10-08 DOI:10.1177/0974686218797760

Suveera Gill, Manika Kohli

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引用次数: 6

Abstract

Abstract Ensuring effective and fair determination of executive compensation is complex, though equally essential for protecting the interests of shareholders and in creating long-term corporate value. The present study attempts to unravel the perceptions of executives and investors in terms of the determinants on which executive compensation ought to be based in the context of corporate India. The main research instrument is a quantitative questionnaire through which the responses of 74 top executives and 55 investors have been examined. Results highlight statistically significant mean differences in the perception of executives and investors with regards to the determinants of executive compensation. Further, the underlying dimensions representing pay determinants vary for executives and investors with the former regarding corporate governance and human capital as important, while the latter emphasising on the primacy of ownership and leverage. The article offers valuable insight as it proposes a comprehensive set of determinants of executive compensation by integrating multiple theoretical perspectives.

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高管薪酬的感知决定因素：来自印度的调查证据

确保有效和公平地确定高管薪酬是一件复杂的事情，尽管这对保护股东利益和创造长期公司价值同样重要。本研究试图揭示高管和投资者的看法，即在印度公司的背景下，高管薪酬应该基于哪些决定因素。主要研究工具是一份定量问卷，通过该问卷调查了74名高管和55名投资者的回答。结果突出统计显著平均差异的看法高管和投资者关于高管薪酬的决定因素。此外，高管和投资者对薪酬决定因素的基本维度有所不同，前者认为公司治理和人力资本很重要，而后者强调所有权和杠杆的首要地位。本文通过整合多种理论视角，提出了一套全面的高管薪酬决定因素，提供了有价值的见解。

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来源期刊

Indian Journal of Corporate Governance Business, Management and Accounting-Business and International Management

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： Indian Journal of Corporate Governance is a bi-annual refereed journal that provides a forum for discussions and exchanging views on a wide range of corporate governance issues ranging from board practices, independent directors, whistle blower policies and shareholder activism on one hand to media’s role in corporate governance, corporate social responsibility and sustainability reporting on the other. It comprises of research articles, concept papers, case studies and reports providing a blend of theory and practices of corporate governance globally to cater to the interests of practitioners, academics, researchers and policy makers.