Journal article
Institutional Investors and CEO Pay Performance in Malaysian Firms
Journal of International Accounting Research, Vol.17(1), pp.87-102
2018
Abstract
This study uses Malaysian data to examine whether institutional investors affect the association between firm performance and CEO compensation. Overall, we find that total institutional investor ownership has a negative effect on the positive association between firm performance and CEO compensation, which suggests ineffective monitoring. When the institutional investors are categorized into local and foreign, we find that the negative effect is driven by local institutional ownership, consistent with the argument that foreign institutional investors are associated with better monitoring. Our results provide new insights on the association between institutional investors and the CEO compensation-firm performance relationship in an emerging economy.
Details
- Title
- Institutional Investors and CEO Pay Performance in Malaysian Firms
- Authors
- Tee Chwee Ming (Author) - Monash University MalaysiaYee-Boon Foo (Author) - Monash University MalaysiaFerdinand A. Gul (Author) - Deakin UniversityAbdul Majid (Author) - Monash University Malaysia
- Publication details
- Journal of International Accounting Research, Vol.17(1), pp.87-102
- Publisher
- American Accounting Association
- DOI
- 10.2308/jiar-51989
- ISSN
- 1558-8025
- Organisation Unit
- University of the Sunshine Coast, Queensland; School of Business and Creative Industries
- Language
- English
- Record Identifier
- 99679191202621
- Output Type
- Journal article
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- Business, Finance
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