媒体在高管薪酬中的作用:来自英国的证据

Aditi Gupta
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引用次数: 0

摘要

利用2002年至2013年间富时全成分股公司的大样本,我们研究了媒体报道对高管薪酬的影响。此外,我们评估是否:1)高管薪酬水平过高与负面媒体报道有关;2)媒体对高管薪酬的负面报道限制了高管薪酬水平;3)公众对高管薪酬的负面舆论影响了薪酬方案的某些组成部分。结论是,媒体在报道超额薪酬方面起到了有效的监督作用,但在遏制超额薪酬方面却没有起到有效的治理机制
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The role of the media in executive pay: Evidence from the UK
Using a large sample of FTSE All-Share companies between 2002 and 2013 was study the impact of media coverage on executive compensation. Beside, was assess whether: 1) excessive levels of executive compensation are associated with negative media coverage; 2) negative media coverage towards executive compensation acts as a constraint on compensation levels; 3) negative public opinion towards executive compensation affects certain components of the compensation package. It was concluded that the media acts as an effective watchdog in reporting excess pay but does not act as an effective governance mechanism in curbing it
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