The effect of family ownership on the relation between executive compensation and performance: evidence from Thailand
J. Thomas Connelly, Piman Limpaphayom, Michael J. Sullivan
J. Thomas Connelly
Available Online October 2017.
- https://doi.org/10.2991/febm-17.2017.129How to use a DOI?
- corporate governance, executive compensation, firm performance, family ownership
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 PB - Atlantis Press SP - 961 EP - 966 SN - 2352-5428 UR - https://doi.org/10.2991/febm-17.2017.129 DO - https://doi.org/10.2991/febm-17.2017.129 ID - Connelly2017/10 ER -