Executive pay and firm performance in the Philippines

College

Ramon V. Del Rosario College of Business

Department/Unit

Economics

Document Type

Article

Source Title

Pacific Basin Finance Journal

Volume

16

Issue

5

First Page

606

Last Page

623

Publication Date

11-1-2008

Abstract

This paper provides the first systematic evidence on the nature of the relation between executive compensation and firm performance in the Philippines. Comparable to studies of Japan, Korea, and China, we find a positive relation between executive compensation and performance in the Philippines for those firms not affiliated to a corporate group, but that this relation does not hold for affiliated firms. We conclude that the substantial portion of the Philippine economy that is under the control of group networks incentivize managers in ways other than through use of pay-performance schemes. © 2007 Elsevier B.V. All rights reserved.

html

Digitial Object Identifier (DOI)

10.1016/j.pacfin.2006.12.002

Disciplines

Benefits and Compensation | Business Administration, Management, and Operations | Economics

Keywords

Executives—Salaries, etc.--Philippines; Corporate governance--Philippines

Upload File

wf_no

This document is currently not available here.

Share

COinS