| Summary: | 碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 102 === The study of CEO compensation has been widely examined in the finance and accounting literatures, most of which are associated with the corporate earnings management and corporate governance studies. Different from the literature, this study examines the changes of executive compensation for the newly listed companies which were pre-listed on the emerging board. In addition, we examine the impact of operating performance , company size and growth rate on the compensation structure.
The sample covers 668 samples across 334 firms newly listed in Taiwan stock exchange, before which they were required to be pre-listed on the emerging board, from 2003 to 2013. There are some major findings. First, the executive compensation is not significantly changed after publicly listed. Second, after listing, the relation between corporate performance and executive compensation structures is positive but not significant. Third, after listing, company sizes not significantly related to executive compensation. Last, after listing, the company's growth rate has no significant effect on the total compensation, but in high growth companies, the stock bonus is significantly related to the growth rate.
Keywords: emerging exchange listing, CEO compensation.
|
|---|
