Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)

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

Authors
J. Thomas Connelly, Piman Limpaphayom, Michael J. Sullivan
Corresponding Author
J. Thomas Connelly
Available Online October 2017.
DOI
https://doi.org/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.
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Proceedings
Second International Conference On Economic and Business Management (FEBM 2017)
Part of series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
978-94-6252-423-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/febm-17.2017.129How to use a DOI?
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
BT  - Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
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  -