Asian Financial Crisis、Dot-Com Bubble and 2008 American Financial Crisis: Implications for Executive Compensation of S&;P500 Companies
碩士 === 國立交通大學 === 財務金融研究所 === 103 === This paper investigate whether there are any effects for the occurrences of Asian financial crisis, Dot-Com bubble and 2008 American financial crisis on CEO compensation of S&;P 500 companies. Asian financial crisis caused the downturn of the Asian market. D...
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| Format: | Others |
| Language: | zh-TW |
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2015
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| Online Access: | http://ndltd.ncl.edu.tw/handle/799km6 |
| Summary: | 碩士 === 國立交通大學 === 財務金融研究所 === 103 === This paper investigate whether there are any effects for the occurrences of Asian financial crisis, Dot-Com bubble and 2008 American financial crisis on CEO compensation of S&;P 500 companies. Asian financial crisis caused the downturn of the Asian market. During the Dot-Com bubble, new technologies and new business model emerged. 2008 American financial crisis also hit the global economic. The three events all affected firm’s risk-taking and then affect firm performance. Based on pay for performance, executive compensation wound be affected. In this paper, we find that there were significant declines of risky investment by CEO after the occurrence of Dot-Com bubble. And executive variable executive and fixed compensation increased after the Asian financial crisis and Dot-Com bubble. But total compensation and fixed compensation decreased after the 2008 American financial crisis.
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