publication . Article . 2015

CEO pay-performance sensitivity in the South African context

Bussin, Mark;
Open Access English
  • Published: 01 May 2015 Journal: South African Journal of Economic and Management Sciences (issn: 1015-8812, eissn: 2222-3436, Copyright policy)
  • Publisher: AOSIS
<jats:p>The topic of executive pay-performance sensitivity has resulted in mixed research findings. Literature related to executive remuneration constructs, company performance measures and the underlying theories is critically reviewed in this article. The literature is compared to research findings within the South African context pre, during and post the Global Financial Crisis of 2008. The researcher found similar results in the South African context compared to research in other countries and industries. The research challenges the notion that there is one dominant theory driving CEO compensation. The principal-agent theory, supported by the optimal contrac...
free text keywords: CEO remuneration, compensation, pay-performance sensitivity, principal-agent theory, company performance, optimum contracting, governance, South Africa, Management. Industrial management, HD28-70, Business, HF5001-6182, Economics as a science, HB71-74, General Business, Management and Accounting, General Economics, Econometrics and Finance, Contract theory, Accounting, business.industry, Economics, Executive compensation, Financial crisis, Remuneration
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