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The Determinants of CEO Compensation: Evidence from Family-Owned Listed Corporations in Karachi Stock Exchange

Advances in Applied Economics and Finance

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Field Value
 
Title The Determinants of CEO Compensation: Evidence from Family-Owned Listed Corporations in Karachi Stock Exchange
 
Creator kashif, shagufta; University of Dammam
Mustafa, Dr Khalid; University of Karachi
 
Subject Executive Compensation; Family ownership; CEO Pay
 
Description This study investigates the role of various factors to determine CEO compensation in family-owned listed companies in Karachi Stock Exchange. Using the pooled data with 66 registered companies from 2010 to 2012, OLS method has been used to determine CEO compensation. It is found that the firm size is a significant contributing factor, which effect CEO compensation. In addition if the CEO belongs to the family, then his compensation is less because his compensation is made in terms of job security as well as status. Moreover, if the CEO holds more than one chair, his compensation decreases. This may owe to the fact that dual power may affect its efficiency and reduce performance of company adversely affect CEO compensation. Finally, the number of directors on the board increased, the compensation of the CEO also escalated. Escalating board size indicate that more capable and eligible people, well  equipped with skills and resources become part of organization which strongly effect performance, market position and goodwill of company and intensifying  CEO pay scale
 
Publisher World Science Publisher
 
Contributor —
 
Date 2015-10-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/878
 
Source Advances in Applied Economics and Finance; Vol 4, No 2 (2013); 690-699
2167-6348
 
Language eng
 
Relation http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/878/1054
 
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