Firm-level political risk and CEO compensation

被引：0
|
作者：
Jeon, Chunmi [1 ]
Han, Seung Hun [1 ]
Hwang, Yunji [1 ]
机构：
[1] Korea Adv Inst Sci & Technol, Coll Business, Sch Business & Technol Management, 291 Daehak Ro, Daejeon 305701, South Korea
来源：
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2025年 / 73卷
基金：
新加坡国家研究基金会;
关键词：
Political risk; Firm-level; CEO compensation; Cash flow; CEO bargaining power; POLICY UNCERTAINTY; EXECUTIVE-COMPENSATION; CASH; INCENTIVES; GOVERNANCE; MERGERS; POWER; FLOW;
D O I：
10.1016/j.ribaf.2024.102614
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the impact of firm-level political risk (FLPR) on CEO compensation. Firm cash flow and CEO bargaining power are examined to ascertain whether they moderate this relationship. FLPR exposure is measured using a computational linguistic method to analyze the manuscripts of firm earnings conference calls. The findings indicate that FLPR is negatively related to CEO compensation but that firm cash flow and CEO bargaining power positively moderate this relationship. These results are consistent with endogeneity and robustness tests, including alternative measures of FLPR and CEO compensation.
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页数：13
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