Factors affecting executive pay: Evidence from Philippine listed companies
Date of Publication
2013
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Accountancy
College
Ramon V. Del Rosario College of Business
Department/Unit
Accountancy
Thesis Adviser
Kenneth Drexel S. Bihis
Defense Panel Member
Alger C. Tang
Kenneth Drexel S. Bihis
Florenz C. Tugas
Abstract/Summary
Executive pay has received much scrutiny worldwide as a material amount of money is spent on such compensation schemes. The study explored factors that affect executive pay among all listed companies. This encompasses: firm characteristics which are market capitalization, firm size (total assets), and capital structure (debt-to-assets ratio) firm performance measured by sales growth and return on assets equity characteristics of executive ownership in outstanding shares and divided payout ratio and, corporate governance in terms of ratio of independent board members and board size. Their impact were further assessed in terms of each industry (financials, holding firms, industrial, mining and oil, property, and services). To accomplish this, the researchers made use of both panel regression and ordinary least squares being pursued. The results showed that the variables, market capitalization, capital structures, return on assets and executive ownership, significantly affect executive pay for all the listed firms. Meanwhile, the factors affecting executive pay become varied when analyzed in terms of each industry. By being able to point out which ones have a significant impact, stakeholder can better monitor the appropriateness of the executive pay.
Abstract Format
html
Language
English
Format
Accession Number
TU18229
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
vii, 153 leaves ; 28 cm.
Recommended Citation
Larin, J. S., Reyes, R. G., San Diego, D. D., & Taruc, K. G. (2013). Factors affecting executive pay: Evidence from Philippine listed companies. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/11973