Firm Size, Company Ownership, Independent Directors and Top Managerial Compensation

• Main Authors: Wang, Yu, 王宇
• Other Authors: Hsieh,Tsun-Jui
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/16063273845015876196

碩士 === 靜宜大學 === 國際企業學系 === 105 === Top managerial compensation has long been important research issues in corporate governance. This study aims to examine the effects of company, including company size, family ownership, and independent directors on top managerial compensation. We employ multiple regressions to test our hypotheses by selecting Taiwanese firms as our sample. The empirical results show that company size has significant positive association with top managerial compensation. Family ownership has significant negative correlation association with top managerial compensation. The hypothesis 1 and hypothesis 2 are supported. Independent directors have significant positive association with top managerial compensation. The hypothesis 3 is not supported. This study contributes to the growing literature in the field of corporate governance by demonstrating the effect of company on the top managerial compensation.