The level of CEO compensation for the short and long-term - a view on high-tech firms

Paula Faria (), Franscisco Vitorino Martins () and Elísio Brandão ()
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Paula Faria: School of Economics and Management, University of Porto
Franscisco Vitorino Martins: School of Economics and Management, University of Porto
Elísio Brandão: School of Economics and Management, University of Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: This study examines the relationship between corporate performance and the Chief Executive Officer compensation in high-technology firms in the S&P 1500. The total CEO compensation and short and long-term compensations were tested regarding corporate performance. A panel data SUR model is estimated and describes the total compensation and cash compensation as a proportion of total pay for the period between 2000 and 2010 in high-technologies firms. The findings indicate that there is a strong and positive relation between CEO compensation and firm performance. This econometric study provides a better understanding on the relationship between CEO compensation and performance in high-technologies firms.

Keywords: Corporate finance; Executive compensation; Accounting (search for similar items in EconPapers)
JEL-codes: G30 M41 M52 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2013-12
New Economics Papers: this item is included in nep-bec, nep-hrm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:519

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