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

Print

Accession Number

TU18229

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

vii, 153 leaves ; 28 cm.

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