Australian CEO Remuneration

被引:3
|
作者
Heaney, Richard [1 ]
Tawani, Vineet [1 ]
Goodwin, John [2 ]
机构
[1] RMIT Univ, Sch Econ Finance & Mkt, Level 12,239 Bourke St, Melbourne, Vic 3000, Australia
[2] Hong Kong Polytech Univ, Sch Econ Finance, Kowloon, Hong Kong, Peoples R China
来源
ECONOMIC PAPERS | 2010年 / 29卷 / 02期
关键词
CEO remuneration; performance sensitive remuneration; industry and company effects; board composition and size;
D O I
10.1111/j.1759-3441.2010.00060.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Cross-sectional analysis of the remuneration paid by a sample of 1,144 listed Australian companies in 2006 to their CEOs highlights the variation in the level and composition of remuneration both within and across industries. Average annual CEO remuneration for 2006 is $ 730,000 with 79% short-term, 14% long-term and 7% post-employment remuneration. These components of remuneration structure, company size and corporate governance measures provide insight into the variation in CEO remuneration. There is no evidence of a positive relation between current year CEO remuneration and following year performance.
引用
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页码:109 / 127
页数:19
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