Executive Compensation , Corporate Governance and Corporate Performance : A Simultaneous Equation Approach

@inproceedings{Ntim2013ExecutiveC,
  title={Executive Compensation , Corporate Governance and Corporate Performance : A Simultaneous Equation Approach},
  author={Collins G. Ntim and Sarah Lindop and Kofi A. Osei and Dennis Thomas},
  year={2013}
}
This paper investigates the association between executive compensation and performance. It uniquely utilises a comprehensive set of corporate governance mechanisms within a three-stage least squares (3SLS) simultaneous equation framework. Results based on estimating a conventional single equation model indicate that the executive pay and performance… CONTINUE READING