Abstract
This paper attempts to examine a canonical (simultaneous) relationship between service industry CEOs' compensation and corporate performance with respect to accounting-based and market-based performance measures. In addition, this study examines the effect of firm size on compensation. The results of this study suggest that executive compensation depends simultaneously on both market-based and accounting-based performance measures. EPS, ROA, ROE and Market Rate of Return are positively associated with both cash compensation and long-term compensation. Firm size is also positively related to the long-term compensation.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 72-90 |
| Number of pages | 19 |
| Journal | Review of Accounting and Finance |
| Volume | 2 |
| Issue number | 3 |
| DOIs | |
| State | Published - Mar 1 2003 |
All Science Journal Classification (ASJC) codes
- Accounting
- General Economics, Econometrics and Finance
- Finance