期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2013
卷号：2
期号：8
页码：465-471
DOI：10.5923/j.ijfa.20130208.10
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：The present study focuses on the performance sensitivity of CEO wealth for a sample of Australian firms for the period 2005 to 2011. For a sample of 2153 non-financial firm-years, the study analyses the influences of economic determinants, governance and ownership factors on the performance sensitivity of CEO wealth for the pre-GFC, post-GFC sub-periods. Employing pooled OLS and panel random effects (RE) regressions, the study finds that firm size, performance and growth opportunities have a significant positive influence on the performance sensitivity of CEO wealth. Board size, CEO duality, average director tenure and board interlocking have a negative significant influence on the performance sensitivity of CEO wealth while CEO tenure and managerial ownership have a significant positive influence.
关键词：Corporate Governance; Ownership Structure; Executive Pay; Global Financial Crisis; Australia
