Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation.
This study highlights two highly controversial topics, specifically, executive compensation and mergers and acquisitions. We examine the effects of changes in M&A characteristics (firm performance, growth opportunities and liquidity) on changes in acquiring firm’s CEO compensation. Our sample co...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/48305 |
| _version_ | 1811679975594524672 |
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| author | Ho, Carmen Jia Min. Ko, Mui Hung. Lim, Hui Yun. |
| author2 | Tham Tze Minn |
| author_facet | Tham Tze Minn Ho, Carmen Jia Min. Ko, Mui Hung. Lim, Hui Yun. |
| author_sort | Ho, Carmen Jia Min. |
| collection | NTU |
| description | This study highlights two highly controversial topics, specifically, executive compensation and mergers and acquisitions. We examine the effects of changes in M&A characteristics (firm performance, growth opportunities and liquidity) on changes in acquiring firm’s CEO compensation. Our sample consists of 313 acquisitions involving United States publicly-listed companies during the period 1998 to 2004. The empirical tests support our hypotheses that firm performance and liquidity have a significant positive association with changes in total compensation. We also prove that firm performance has a significant positive relationship with changes in stock options. Further analysis shows that significant variables affecting changes in total compensation are mainly driven by large deal size in the context of stock acquisitions. |
| first_indexed | 2024-10-01T03:17:42Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/48305 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:17:42Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | ntu-10356/483052023-05-19T06:24:05Z Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. Ho, Carmen Jia Min. Ko, Mui Hung. Lim, Hui Yun. Tham Tze Minn Nanyang Business School DRNTU::Business::Finance::Mergers and acquisitions DRNTU::Business::Management::Leadership This study highlights two highly controversial topics, specifically, executive compensation and mergers and acquisitions. We examine the effects of changes in M&A characteristics (firm performance, growth opportunities and liquidity) on changes in acquiring firm’s CEO compensation. Our sample consists of 313 acquisitions involving United States publicly-listed companies during the period 1998 to 2004. The empirical tests support our hypotheses that firm performance and liquidity have a significant positive association with changes in total compensation. We also prove that firm performance has a significant positive relationship with changes in stock options. Further analysis shows that significant variables affecting changes in total compensation are mainly driven by large deal size in the context of stock acquisitions. BUSINESS 2012-04-04T07:24:42Z 2012-04-04T07:24:42Z 2012 2012 Final Year Project (FYP) http://hdl.handle.net/10356/48305 en Nanyang Technological University 53 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Mergers and acquisitions DRNTU::Business::Management::Leadership Ho, Carmen Jia Min. Ko, Mui Hung. Lim, Hui Yun. Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. |
| title | Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. |
| title_full | Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. |
| title_fullStr | Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. |
| title_full_unstemmed | Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. |
| title_short | Discover the path to CEO pay rise : a study on how changes in M&A characteristics affect CEO compensation. |
| title_sort | discover the path to ceo pay rise a study on how changes in m a characteristics affect ceo compensation |
| topic | DRNTU::Business::Finance::Mergers and acquisitions DRNTU::Business::Management::Leadership |
| url | http://hdl.handle.net/10356/48305 |
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