The effect of family ownership on the relation between executive compensation and performance: evidence from Thailand

DOI

10.2991/febm-17.2017.129How to use a DOI?

Keywords

corporate governance, executive compensation, firm performance, family ownership

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.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - J. Thomas Connelly
AU  - Piman Limpaphayom
AU  - Michael J. Sullivan
PY  - 2017/10
DA  - 2017/10
TI  - The effect of family ownership on the relation between executive compensation and performance: evidence from Thailand
BT  - Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SP  - 961
EP  - 966
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.129
DO  - 10.2991/febm-17.2017.129
ID  - Connelly2017/10
ER  -