Executive pay and performance in Portuguese listed companies

Purpose – The aim of this paper is to investigate the relationship between corporate performance and Value Added Intellectual Coefficient (VAICTM) on the one hand, and the relationship between the variations in market value and the variations in VAIC on the other hand. Design/methodology/approach – Starting from the VAIC model, 23 Italian listed companies were examined with the aim of investigating the relationship between VAIC and the performance of the firms in the sample. The analysis was divided into two stages. In the first stage, eight models of linear regression were estimated to verify the presence of a positive and statistically significant relationship between M/BV and VAIC and between accounting performance indicators (ROE, ROI, ROS) and the VAIC. In the second stage, six other models were tested, considering as an independent variable the variations in VAIC and the variations in profitability indicators. Findings – The outcomes of the application stress the importance of VAIC in the explanation of the variations in MV and its role as “additional coefficient” in the analysis of equity performance. Originality/value – This methodology highlights some very interesting aspects. In particular, whereas the relationship between M/BV and VAIC and between profitability indicators (ROI, ROE, ROS) and VAIC is statistically insignificant, the subsequent analysis highlights the importance of VAIC as a variable capable of increasing the explanatory power of the regression in a cross-sectional perspective.

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Executive Pay and Performance: Did Bankers’ Bonuses Cause the Crisis?

International Review of Finance ◽

10.1111/j.1468-2443.2011.01136.x ◽

2011 ◽

Vol 12 (1) ◽

pp. 89-122 ◽

Cited By ~ 40

Author(s):

Paul Gregg ◽

Sarah Jewell ◽

Ian Tonks

Keyword(s):

Executive Pay ◽

And Performance

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A Study on the Influence of Institutional Investor Heterogeneity on the Executive Pay Stickiness——Based on the Perspective of Industrial Factor Intensity

International Journal of Economics and Finance ◽

10.5539/ijef.v10n9p168 ◽

2018 ◽

Vol 10 (9) ◽

pp. 168

Author(s):

Qitong Yu ◽

Shaoyang Fang ◽

Jianjun Wang

Keyword(s):

Executive Compensation ◽

Institutional Investors ◽

Listed Companies ◽

Inhibitory Effect ◽

Executive Pay ◽

Empirical Results ◽

Investor Heterogeneity ◽

Pressure Sensitive ◽

Pressure Resistance ◽

Term Performance

Based on the data of Shanghai and Shenzhen A-share listed companies from 2012-2016, this paper empirically studies the influence of heterogeneous institutional investors on executive compensation stickiness of listed companies by using the method of multiple regression. The results show that the pay stickiness is very common in the listed companies. The overall institutional investor’s shareholding is promoting the executive compensation stickiness. The empirical results show that the institutional investors are divided into the pressure resistance institutional investors and the pressure sensitive institutional investors, according to whether the institutional investors have the commercial relationship with the listed companies. The empirical results show that they are compared to the pressure. Sensitive institutions, pressure resistance institutional investors can significantly inhibit the stickiness of executive compensation. However, different types of institutional investors have different preferences for the types of listed companies, and the enthusiasm of participating in corporate governance is different, and the pressure resistance institutional investors pay more attention to labor out of social responsibility. The long-term performance of a force intensive enterprise has a significant inhibitory effect on the stickiness of the executive compensation, while the pressure sensitive institutional investors actively manage and supervise the production and operation of the technology intensive enterprises for the consideration of the investment income, which has a restraining effect on the pay stickiness of the technology intensive enterprises.

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The Impact of Family Control on Investors' Risk and Performance of Italian Listed Companies

SSRN Electronic Journal ◽

10.2139/ssrn.1032853 ◽

2007 ◽

Cited By ~ 1

Author(s):

Giovanni Fiori ◽

Riccardo Tiscini ◽

Francesca di Donato

Keyword(s):

Listed Companies ◽

Family Control ◽

And Performance ◽

The Impact

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An Empirical Study of ISO 14001 Certification and Firm Environmental Performance

Advances in Environmental Engineering and Green Technologies - Waste Management Techniques for Improved Environmental and Public Health ◽

10.4018/978-1-7998-1966-0.ch001 ◽

2020 ◽

pp. 1-28

Author(s):

Yang Wang ◽

Yijun Chen ◽

Qi Xu ◽

Wenqing Wu

Keyword(s):

Empirical Study ◽

Environmental Performance ◽

Listed Companies ◽

Moderating Effect ◽

Iso 14001 ◽

Environmental Certification ◽

Policy Suggestions ◽

And Performance ◽

Iso 14001 Certification ◽

The Empirical Analysis

ISO14001 certification is of great significance to the company's environmental performance. Through the empirical analysis of environmental certification and performance of Listed Companies in China, this chapter draws some valuable conclusions. The initial ISO14001 certification will worsen the environmental performance of the enterprises. The equity nature of the enterprise has a moderating effect on the ISO14001 certification's influence on enterprise environmental performance. The separation rate of the above-mentioned two positions has a moderating effect on the ISO14001 certification's influence on enterprise environmental performance. Based on the above conclusions, this chapter puts forward some reasonable policy suggestions.

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Corruption perception, institutional quality and performance of listed companies in Nigeria

Heliyon ◽

10.1016/j.heliyon.2019.e02569 ◽

2019 ◽

Vol 5 (10) ◽

pp. e02569 ◽

Cited By ~ 1

Author(s):

Stephen Ojeka ◽

Alex Adegboye ◽

Kofo Adegboye ◽

Olaoluwa Umukoro ◽

Olajide Dahunsi ◽

...

Keyword(s):

Institutional Quality ◽

Listed Companies ◽

Corruption Perception ◽

And Performance

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Study on Relation between Equity Structure and Performance of Listed Companies - Evidence for Building Industry in A Share Market

International Journal of Economics and Finance ◽

10.5539/ijef.v9n7p114 ◽

2017 ◽

Vol 9 (7) ◽

pp. 114

Author(s):

Xinyuan Zhang ◽

Zhixiu Guo ◽

Xiaorui Feng ◽

Yan He

Keyword(s):

Listed Companies ◽

Building Industry ◽

Company Performance ◽

Governance Mechanism ◽

Equity Structure ◽

Internal Governance ◽

Return On Equity ◽

Chinese Listed Companies ◽

Small Investors ◽

And Performance

The equity structure is the basis for corporate governance, and the decisive factor for performance of listed companies. Considering the return on equity as the measure index of company performance, the paper has collected 2014-2016 data related to index of equity structure from 32 listed companies in Shanghai and Shenzhen, made descriptive statistical analysis and correlation analysis on it with spass20.0 statistical software, and discussed the relation between equity structure and performance of listed companies. The research finds that: Chinese listed companies for building industry still have relatively high equity concentration, imperfect internal governance mechanism and poor equity restriction. The effect of “bargaining” is difficultly developed to promote the growth of performance. China shall further strengthen the efforts to control, spur listed companies to reinforce the internal management, and optimize the equity structure to ensure the effective balance, with the purpose of accelerating the healthy and sustainable development of listed companies and safeguarding the interests of medium-small investors.

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