Article
The Effect of Family Ownership on the Relation Between Executive Compensation and Performance: Evidence from Thailand
Advances in Economics, Business and Management Research
Document Type
Conference Proceeding
Publication Date
1-1-2018
Subjects
- Corporate governance--Thailand
Disciplines
Abstract
This study investigates the pay-performance relation for directors and managers in a sample of Thai public companies. It is hypothesized that family ownership mediates the pay-performance relations for directors and managers. The results show a strong link between managerial compensation and firm performance only for firms with low levels of family ownership. Conversely, there is a strong link between director compensation and firm performance only for firms with high levels of family ownership. The findings indicate that the relation between executive compensation and firm performance is more complex than previously documented.
Persistent Identifier
http://archives.pdx.edu/ds/psu/25167
Citation Information
Thomas J. Connelly, Piman Limpaphayom and Michael J. Sullivan. "The Effect of Family Ownership on the Relation Between Executive Compensation and Performance: Evidence from Thailand" Advances in Economics, Business and Management Research Vol. 33 (2018) ISSN: 2394-1553 Available at: http://works.bepress.com/piman-limpaphayom/1/
Second International Conference on Economic and Business Management (FEBM 2017)
Copyright © 2017, the Authors. Published by Atlantis Press. This is an open access article under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).