CEO Compensation, Strategy, and Firm Performance
CEOs are increasingly being granted options as part of their compensation packages. However, despite all of the research conducted on executive compensation, there has been little investigation into the impact of CEO stock option grants on firm performance. In addition, many previous studies have fo...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Conference Paper |
| Published: |
2019
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| Online Access: | http://hdl.handle.net/20.500.11937/75436 |
| _version_ | 1848763480489852928 |
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| author | Duong, Lien Emanuel, D. Truong, T. van Dissen, J. |
| author2 | Balachandran, B. |
| author_facet | Balachandran, B. Duong, Lien Emanuel, D. Truong, T. van Dissen, J. |
| author_sort | Duong, Lien |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | CEOs are increasingly being granted options as part of their compensation packages. However, despite all of the research conducted on executive compensation, there has been little investigation into the impact of CEO stock option grants on firm performance. In addition, many previous studies have found conflicting results on the impact of equity-based compensation on performance. Our study incorporates the competitive strategy adopted by the firm into its analysis. We document that a firm’s strategy impacts the level of stock options granted to the CEO. We also found that, after controlling for a firm’s competitive strategy, the relationship between CEO stock options and firm performance is stronger than when the sample is considered on a pooled basis. |
| first_indexed | 2025-11-14T11:04:08Z |
| format | Conference Paper |
| id | curtin-20.500.11937-75436 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:04:08Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-754362019-05-08T09:04:25Z CEO Compensation, Strategy, and Firm Performance Duong, Lien Emanuel, D. Truong, T. van Dissen, J. Balachandran, B. CEOs are increasingly being granted options as part of their compensation packages. However, despite all of the research conducted on executive compensation, there has been little investigation into the impact of CEO stock option grants on firm performance. In addition, many previous studies have found conflicting results on the impact of equity-based compensation on performance. Our study incorporates the competitive strategy adopted by the firm into its analysis. We document that a firm’s strategy impacts the level of stock options granted to the CEO. We also found that, after controlling for a firm’s competitive strategy, the relationship between CEO stock options and firm performance is stronger than when the sample is considered on a pooled basis. 2019 Conference Paper http://hdl.handle.net/20.500.11937/75436 fulltext |
| spellingShingle | Duong, Lien Emanuel, D. Truong, T. van Dissen, J. CEO Compensation, Strategy, and Firm Performance |
| title | CEO Compensation, Strategy, and
Firm Performance |
| title_full | CEO Compensation, Strategy, and
Firm Performance |
| title_fullStr | CEO Compensation, Strategy, and
Firm Performance |
| title_full_unstemmed | CEO Compensation, Strategy, and
Firm Performance |
| title_short | CEO Compensation, Strategy, and
Firm Performance |
| title_sort | ceo compensation, strategy, and
firm performance |
| url | http://hdl.handle.net/20.500.11937/75436 |