National governance, social elites on company boards, and board compensation: a cross-national study of emerging economy IPO firms
National governance, social elites on company boards, and board compensation: a cross-national study of emerging economy IPO firms
This study develops a new institution-theoretic model of executive pay awards in relation to board composition with social elites in a unique multi-country sample of 119 newly listed firms in 17 developing African countries. Our findings reveal that higher proportions of social elites are associated with lower average executive pay – where we argue clan or tribal affiliation tempers social elites association with expropriation. This association is moderated by institutional quality where in low quality contexts higher proportions of social elites are associated with elevated executive pay while the opposite is true in high quality contexts.
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2
20 November 2015
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2
Hearn, Bruce
(2015)
National governance, social elites on company boards, and board compensation: a cross-national study of emerging economy IPO firms.
In European International Business Academy Annual Meeting, Rio de Janeiro, Brazil.
39 pp
.
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Conference or Workshop Item
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Abstract
This study develops a new institution-theoretic model of executive pay awards in relation to board composition with social elites in a unique multi-country sample of 119 newly listed firms in 17 developing African countries. Our findings reveal that higher proportions of social elites are associated with lower average executive pay – where we argue clan or tribal affiliation tempers social elites association with expropriation. This association is moderated by institutional quality where in low quality contexts higher proportions of social elites are associated with elevated executive pay while the opposite is true in high quality contexts.
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Hearn Piesse Strange Paper - Competitive
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Published date: 20 November 2015
Venue - Dates:
European International Business Academy Annual Meeting, , Rio, Brazil, 2015-12-01 - 2015-12-03
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Local EPrints ID: 423314
URI: http://eprints.soton.ac.uk/id/eprint/423314
PURE UUID: c7e4f1bd-ef61-4ea6-aa47-8f3f8639b574
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Date deposited: 20 Sep 2018 16:30
Last modified: 16 Mar 2024 04:37
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