Media coverage, board structure and CEO compensation: Evidence from Taiwan

Chia-Wei Chen, Bingsheng Yi and J. Barry Lin

Journal of Multinational Financial Management, 2013, vol. 23, issue 5, 434-445

Abstract: This paper investigates the relationship between CEO cash compensation and media coverage of firms, analyst forecasts and board structure using data from the Taiwan Stock Exchange. We find that, other things being equal, CEO cash compensation is much higher for firms with greater media coverage, firms with more positive news, firms with more analyst forecasts, and firms with larger institutional holdings. There is little evidence that board size and board independence affect CEO cash compensation, and CEO duality is negatively associated with CEO cash compensation

Keywords: CEO compensation; Media coverage; Board; Corporate governance (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mulfin:v:23:y:2013:i:5:p:434-445

DOI: 10.1016/j.mulfin.2013.08.003

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