Author(s): Rodrigues, Carolina Filipa Sales Dantas Simões
Date: 2017
Persistent ID: http://hdl.handle.net/10362/26137
Origin: Repositório Institucional da UNL
Subject(s): Executive compensation; Remuneration; Europe; Performance; Domínio/Área Científica::Ciências Sociais::Economia e Gestão
The dissertation researches the impact that key performance measures, notably, ROA and ROE, Turnover, Net Dividend Yield, have on executives’ compensation, focusing on three specific regions, the United Kingdom, Sweden and Denmark, and Portugal and Spain. The method used was to apply an econometric regression model –OLS–, with selected corrections, due to heteroscedasticity by means of a robust regression. The sample consisted of 98 FTSE100 Companies, 62 OMX Nordic companies, and 40 companies from IBEX and PSI20 combined. The results obtained showed there is little evidence of the relation of firm performance with compensation, but that there is a strong relationship between these variables and company size, which is most significant in the UK. Also, there are marked differences amongst the regions, namely the significance that Net Dividend Yield has in the region of Iberia, and the non-significance of most variables for the Nordic region
