Title page for etd-0509117-145255


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URN etd-0509117-145255
Author Cheng-chi Wu
Author's Email Address No Public.
Statistics This thesis had been viewed 5578 times. Download 563 times.
Department Finance
Year 2016
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The relationship between Say on Pay Votes and CEO compensation´╝ÜEvidence from the insurance companies listed in the United States
Date of Defense 2017-06-05
Page Count 41
Keyword
  • Corporate governance
  • Insurance companies
  • Executive compensation
  • Chief executive officer
  • Say on pay votes
  • Abstract We examine the impact of the Say-On-Pay (SOP) provision implemented in the United States in 2011 and the change in CEO compensation for insurance companies listed from 2011 to 2015. We find that SOP legislation affects neither CEO compensation nor excess pay. Firms receiving low approval do not reduce excess pay immediately. These findings support the non-binding feature of say-on-pay votes. Moreover, controlling CEO excess pay in the previous year, we find the positive relationship in excess pay between the previous and current year, and the results of SOP votes do not affect CEO excess pay in the current year. We therefore conclude that excess pay may depend on the compensation policy of firms.
    Advisory Committee
  • Yan-Shing Chen - chair
  • Chia-Fen Tsai - co-chair
  • Chun-Hua Tang - advisor
  • Files
  • etd-0509117-145255.pdf
  • indicate access worldwide
    Date of Submission 2017-06-09

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