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
20 December 2016
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.
More information
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
Catalogue record
Date deposited: 20 Sep 2018 16:30
Last modified: 16 Mar 2024 04:37
Export record
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics