The relationship between compensation committee quality and the voluntary adoption of clawback provisions
This paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2018-12-01
|
| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11383/imfi_2018_04_Hsu.pdf |
| _version_ | 1818190586200457216 |
|---|---|
| author | Hui-Wen Hsu Liu-Ching Tsai Chaur-Shiuh Young Chia-Hui Chen |
| author_facet | Hui-Wen Hsu Liu-Ching Tsai Chaur-Shiuh Young Chia-Hui Chen |
| author_sort | Hui-Wen Hsu |
| collection | DOAJ |
| description | This paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee quality and the voluntary adoption of clawback provisions. Using a sample drawn from the U.S. firms from 2008 to 2015, the results show that the compensation committee quality is positively related to the voluntary adoption of clawback provisions. Additionally, the positive relationship between compensation committee quality and the voluntary adoption of clawback provisions is more pronounced for firms with higher Level 3 fair values. |
| first_indexed | 2024-12-12T00:01:04Z |
| format | Article |
| id | doaj.art-d56bf75ddbcf414292d001acfd5767df |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-12-12T00:01:04Z |
| publishDate | 2018-12-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-d56bf75ddbcf414292d001acfd5767df2022-12-22T00:45:14ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582018-12-0115434535510.21511/imfi.15(4).2018.2811383The relationship between compensation committee quality and the voluntary adoption of clawback provisionsHui-Wen Hsu0Liu-Ching Tsai1Chaur-Shiuh Young2Chia-Hui Chen3Associate Professor, Department of Public Finance, Feng Chia UniversityProfessor, Department of Banking and Finance, National Chia-Yi UniversityProfessor, Department of Accountancy and Graduate Institute of Finance and Banking, National Cheng Kung UniversityAssistant Professor, Department of Accountancy, National Dong Hwa UniversityThis paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee quality and the voluntary adoption of clawback provisions. Using a sample drawn from the U.S. firms from 2008 to 2015, the results show that the compensation committee quality is positively related to the voluntary adoption of clawback provisions. Additionally, the positive relationship between compensation committee quality and the voluntary adoption of clawback provisions is more pronounced for firms with higher Level 3 fair values.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11383/imfi_2018_04_Hsu.pdfclawback provisionscompensation committee qualityLevel 3 fair values |
| spellingShingle | Hui-Wen Hsu Liu-Ching Tsai Chaur-Shiuh Young Chia-Hui Chen The relationship between compensation committee quality and the voluntary adoption of clawback provisions Investment Management & Financial Innovations clawback provisions compensation committee quality Level 3 fair values |
| title | The relationship between compensation committee quality and the voluntary adoption of clawback provisions |
| title_full | The relationship between compensation committee quality and the voluntary adoption of clawback provisions |
| title_fullStr | The relationship between compensation committee quality and the voluntary adoption of clawback provisions |
| title_full_unstemmed | The relationship between compensation committee quality and the voluntary adoption of clawback provisions |
| title_short | The relationship between compensation committee quality and the voluntary adoption of clawback provisions |
| title_sort | relationship between compensation committee quality and the voluntary adoption of clawback provisions |
| topic | clawback provisions compensation committee quality Level 3 fair values |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11383/imfi_2018_04_Hsu.pdf |
| work_keys_str_mv | AT huiwenhsu therelationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT liuchingtsai therelationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT chaurshiuhyoung therelationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT chiahuichen therelationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT huiwenhsu relationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT liuchingtsai relationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT chaurshiuhyoung relationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions AT chiahuichen relationshipbetweencompensationcommitteequalityandthevoluntaryadoptionofclawbackprovisions |