CEO excess compensation: the impact of compensation committee quality and corporate social responsibility

References

• Ahn, S., and W. Choi. 2009. “The Role of Bank Monitoring in Corporate Governance: Evidence from Borrowers’ Earnings Management Behavior.” Journal of Banking and Finance 33 (2): 425–434. doi:10.1016/j.jbankfin.2008.08.013.
   Web of Science ®Google Scholar
• AliJafri, S. S., and S. Trabelsi. 2013. “Managerial Risk-Taking and CEO Excess Compensation.” Working Paper. Brock University St. Catharines. DOI:10.2139/ssrn.2379166
   Google Scholar
• Alissa, W. 2015. “Boards’ Response to Shareholders’ Dissatisfaction: The Case of Shareholders’ Say on Pay in the UK.” European Accounting Review 24 (4): 727–752. doi:10.1080/09638180.2015.1058719.
   Web of Science ®Google Scholar
• Anderson, R., and J. Bizjak. 2003. “An Empirical Examination of the Role of the CEO and the Compensation Committee in Structuring Executive Pay.” Journal of Banking and Finance 27 (7): 1323–1348. doi:10.1016/S0378-4266(02)00259-5.
   Web of Science ®Google Scholar
• Andres, P., and E. Vallelado. 2008. “Corporate Governance in Banking: The Role of the Board of Directors.” Journal of Banking and Finance 32 (12): 2570–2580. doi:10.1016/j.jbankfin.2008.05.008.
   Web of Science ®Google Scholar
• Barnea, A., and A. Rubin. 2010. “Corporate Social Responsibility as a Conflict Between Shareholders.” Journal of Business Ethics 97 (1): 71–86. doi:10.1007/s10551-010-0496-z.
   Web of Science ®Google Scholar
• Bebchuk, L. A., and J. M. Fried. 2003. “Executive Compensation as an Agency Problem.” Journal of Economic Perspectives 17 (3): 71–92. doi:10.1257/089533003769204362.
   Web of Science ®Google Scholar
• Berrone, P., and L. R. Gomez-Mejia. 2009. “Environmental Performance and Executive Compensation: An Integrated Agency-Institutional Perspective.” Academy of Management Journal 52 (1): 103–126. doi:10.5465/amj.2009.36461950.
   Web of Science ®Google Scholar
• Cai, Y., H. Jo, and C. Pan. 2011. “Vice or Virtue? The Impact of Corporate Social Responsibility on Executive Compensation.” Journal of Business Ethics 104 (2): 159–173. doi:10.1007/s10551-011-0909-7.
   Web of Science ®Google Scholar
• Carcello, J., and T. Neal. 2000. “Audit Committee Composition and Auditor Reporting.” The Accounting Review 75 (4): 453–467. doi:10.2308/accr.2000.75.4.453.
   Web of Science ®Google Scholar
• Carcello, J., and T. Neal. 2003. “Audit Committee Characteristics and Auditor Dismissals following “New” Going Concern Reports.” The Accounting Review 78 (1): 95–116. doi:10.2308/accr.2003.78.1.95.
   Web of Science ®Google Scholar
• Conyon, M. J., and S. I. Peck. 1998. “Board Control, Remuneration Committees, and Top Management Compensation.” Academy of Management Journal 41: 146–157. doi:10.2307/257099.
   Web of Science ®Google Scholar
• Conyon, M. J., and L. He. 2004. “CEO Compensation, Incentives, and Governance in New Enterprise Firms.” Journal of Derivatives Accounting 1 (1): 47–60. doi:10.1142/S0219868104000051.
   Google Scholar
• Coombs, J. E., and K. M. Gilley. 2005. “Stakeholder Management as a Predictor of CEO Compensation: Main Effects and Interactions with Financial Performance.” Strategic Management Journal 26 (9): 827–840. doi:10.1002/smj.476.
   Web of Science ®Google Scholar
• Core, J. E., R. W. Holthausen, and D. F. Larcker. 1999. “Corporate Governance, Chief Executive Officer Compensation, and Firm Performance.” Journal of Financial Economics 51 (3): 371–406. doi:10.1016/S0304-405X(98)00058-0.
   Web of Science ®Google Scholar
• Core, J. E., W. Guay, and D. Larcker. 2003. “Executive Equity Compensation and Incentives: A Survey.” Economic Policy Review 9: 27–50. doi:10.2139/ssrn.276425.
   Google Scholar
• Daily, C. M., J. L. Johnson, A. E. Ellstrand, and D. R. Dalton. 1998. “Compensation Committee Composition as a Determinant of CEO Compensation.” Academy of Management Journal 41 (2): 209–220. doi:10.2307/257103.
   Web of Science ®Google Scholar
• El-Chaarani, H., and Z. El-Abiad. 2021. “Board of Directors and CEO’s Compensation: The Case of Listed European Firms.” Asian Social Science 17 (1): 107–117. doi:10.5539/ass.v17n1p107.
   Google Scholar
• Ertimur, Y., F. Ferri, and S. Stubben. 2010. “Board of Directors’ Responsiveness to Shareholders: Evidence from Shareholder Proposals.” Journal of Corporate Finance 16 (1): 53–72. doi:10.1016/j.jcorpfin.2009.07.005.
   Web of Science ®Google Scholar
• Focke, M. 2022. “Do Sustainable Institutional Investors Influence Senior Executive Compensation Structures according to Their Preferences? Empirical Evidence from Europe.” Corporate Social Responsibility and Environmental Management 1–13. doi:10.1002/csr.2257FOCKE13.
   Web of Science ®Google Scholar
• Gao, L., S. Sheikh, and H. Zhou. 2022. “Executive Compensation Linked to Corporate Social Responsibility and Firm Risk.” International Journal of Managerial Finance: Forthcoming. doi:10.1108/IJMF-10-2021-0511.
   Web of Science ®Google Scholar
• Gaver, J. J., and S. M. Im. 2014. “Funding Sources and Excess CEO Compensation in Not-For-Profit Organizations.” Accounting Horizons 28 (1): 1–16. doi:10.2308/acch-50588.
   Web of Science ®Google Scholar
• Hill, M. S., T. J. Lopez, and A. L. Reitenga. 2016. “CEO Excess Compensation: The Impact of Firm Size and Managerial Power.” Advances in Accounting 33: 35–46. doi:10.1016/j.adiac.2016.04.007.
   Web of Science ®Google Scholar
• Jian, M., and K. W. Lee. 2015. “CEO Compensation and Corporate Social Responsibility.” Journal of Multinational Financial Management 29: 46–65. doi:10.1016/j.mulfin.2014.11.004.
   Web of Science ®Google Scholar
• Klein, A. 2002. “Audit Committee, Board of Director Characteristics, and Earnings Management.” Journal of Accounting and Economics 33 (3): 375–400. doi:10.1016/S0165-4101(02)00059-9.
   Web of Science ®Google Scholar
• Mahoney, L., and L. Thorne. 2005. “Corporate Social Responsibility and Long-Term Compensation: Evidence from Canada.” Journal of Business Ethics 57 (3): 241–253. doi:10.1007/s10551-004-5367-z.
   Web of Science ®Google Scholar
• Mahoney, L., and L. Thorne. 2006. “An Examination of the Structure of Executive Compensation and Corporate Social Responsibility: A Canadian Investigation.” Journal of Business Ethics 69 (2): 149–162. doi:10.1007/s10551-006-9073-x.
   Web of Science ®Google Scholar
• McGuire, J., S. Dow, and K. Argheyd. 2003. “CEO Incentives and Corporate Social Performance.” Journal of Business Ethics 45 (4): 341–359. doi:10.1023/A:1024119604363.
   Web of Science ®Google Scholar
• Milbourn, T. 2003. “CEO Reputation and Stock-Based Compensation.” Journal of Financial Economics 68 (2): 233–262. doi:10.1016/S0304-405X(03)00066-7.
   Web of Science ®Google Scholar
• Morey, M., A. Gottesman, E. Baker, and B. Godridge. 2009. “Does Better Corporate Governance Result in High Valuations in Emerging Markets? Another Examination Using a New Data Set.” Journal of Banking and Finance 33 (2): 254–262. doi:10.1016/j.jbankfin.2008.07.017.
   Web of Science ®Google Scholar
• Newman, H. A., and H. A. Mozes. 1999. “Does the Composition of the Compensation Committee Influence CEO Compensation Practices?” Financial Management 28 (3): 41–53. doi:10.2307/3666182.
   Web of Science ®Google Scholar
• Park, J., S. Kim, and A. Tsang. 2022. “CEO Personal Hedging and Corporate Social Responsibility.” Journal of Business Ethics: Forthcoming. doi:10.1007/s10551-021-05021-w.
   Google Scholar
• Perry, T., and M. Zenner. 2001. “Pay for Performance? Government Regulation and the Structure of Compensation Contracts.” Journal of Financial Economics 62 (3): 453–488. doi:10.1016/S0304-405X(01)00083-6.
   Web of Science ®Google Scholar
• Russo, M. V., and N. S. Harrison. 2005. “Organizational Design and Environmental Performance: Clues from the Electronics Industry.” The Academy of Management Journal 48 (4): 582–593. doi:10.5465/amj.2005.17843939.
   Web of Science ®Google Scholar
• Stanwick, P. A., and S. D. Stanwick. 2001. “CEO Compensation: Does It Pay to Be Green?” Business Strategy and the Environment 10 (3): 176–182. doi:10.1002/bse.284.
   Google Scholar
• Sun, J., and S. Cahan. 2009. “The Effect of Compensation Committee Quality on the Association between CEO Cash Compensation and Accounting Performance.” Corporate Governance: An International Review 17 (2): 193–207. doi:10.1111/j.1467-8683.2008.00726.x.
   Web of Science ®Google Scholar
• Vafeas, N. 2003. “Further Evidence on Compensation Committee Composition as a Determinant of CEO Compensation.” Financial Management 32 (2): 53–70. doi:10.2307/3666336.
   Web of Science ®Google Scholar