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On the migration of corporate governance practice: the case of institutions and CEO salary disclosure in corporate Africa

On the migration of corporate governance practice: the case of institutions and CEO salary disclosure in corporate Africa
On the migration of corporate governance practice: the case of institutions and CEO salary disclosure in corporate Africa
This study examines the differential impact of the quality and structure of institutional environment on proportions of boards comprised of social elites in business group constituents as opposed to unaffiliated firms. Using a unique sample of 173 private sector initial public offering (IPO) firms from 17 emerging African economies we find business group constituents are associated with higher proportions of social elites in board roles and levels of executive pay. This is inversely moderated by formal institutional quality and positively moderated by patriarchal informal institutions.
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2

Hearn, Bruce (2016) On the migration of corporate governance practice: the case of institutions and CEO salary disclosure in corporate Africa. In World Finance Association annual meeting, Dubai, United Arab Emirates.

Record type: Conference or Workshop Item (Paper)

Abstract

This study examines the differential impact of the quality and structure of institutional environment on proportions of boards comprised of social elites in business group constituents as opposed to unaffiliated firms. Using a unique sample of 173 private sector initial public offering (IPO) firms from 17 emerging African economies we find business group constituents are associated with higher proportions of social elites in board roles and levels of executive pay. This is inversely moderated by formal institutional quality and positively moderated by patriarchal informal institutions.

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Published date: 20 December 2016
Venue - Dates: World Finance Association Annual Meeting, , Dubai, United Arab Emirates, 2016-12-14 - 2016-12-15

Identifiers

Local EPrints ID: 423320
URI: http://eprints.soton.ac.uk/id/eprint/423320
PURE UUID: 917f786e-0120-48ea-a859-23495fbc911f
ORCID for Bruce Hearn: ORCID iD orcid.org/0000-0001-9767-0198

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Date deposited: 20 Sep 2018 16:30
Last modified: 16 Mar 2024 04:37

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