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Options are a CEO’s best friends: Executive compensation and ownership in Swedish listed corporations
Växjö University, Faculty of Humanities and Social Sciences, School of Management and Economics. (The Corporate Governance Research Group at Linnæus University)ORCID iD: 0000-0001-5098-1618
2009 (English)Conference paper, (Other academic)
Abstract [en]

Ownership influence both level and composition of executive compensation. We develop this thesis through adding identity of the owner and its capacity to create a governance strategy to the traditional ownership concentration measure. Through a test on Swedish listed corporations 2008 we find that the identity of the owner, i.e., the strength of governance, influences the level of compensation and the concentration of ownership influences negatively the propensity to use options. We interpret it as a sign of options being less an incentive instrument, aligning the CEO’s interest with the absent owners interest, but more an indication of CEO strength and an instrument of recruitment.

Place, publisher, year, edition, pages
2009.
Keyword [en]
Executive compensation, ownership, governance strategy, Sweden
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
URN: urn:nbn:se:lnu:diva-15295OAI: oai:DiVA.org:lnu-15295DiVA: diva2:452533
Available from: 2011-10-31 Created: 2011-10-31 Last updated: 2015-05-26Bibliographically approved

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Collin, Sven-Olof Yrjö
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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
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  • asciidoc
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