Can Compensation Committee Increase Pay-Performance Sensitivity?
碩士 === 國立臺北商業技術學院 === 會計財稅研究所 === 101 === Section 14-6 of Securities Exchange Act is amended in November 24, 2010 to stipulate that corporations shall set up compensation committees. This research explores whether the mandatory compensation committee can increase pay-performance sensitivity and to p...
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| Format: | Others |
| Language: | zh-TW |
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2013
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| Online Access: | http://ndltd.ncl.edu.tw/handle/82210081627118750059 |
| Summary: | 碩士 === 國立臺北商業技術學院 === 會計財稅研究所 === 101 === Section 14-6 of Securities Exchange Act is amended in November 24, 2010 to stipulate that corporations shall set up compensation committees. This research explores whether the mandatory compensation committee can increase pay-performance sensitivity and to provide the Board the specification establishment of compensation committee and operation model of compensation committee. The subject of this research is publicly listed companies from 2007, 2010 and 2011. The empirical results show that pay-performance sensitivity of the companies with compensation committees does not significantly differ from companies without compensation committees. In addition, the effectiveness of board is negative and significantly associated with association of pay-performance sensitivity and existence of compensation committees.
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