| dc.description.abstract | This thesis examines determinants that can help explain CEO remuneration in an Asian emerging market, focusing on Indonesia. Our sample consists of 46 Indonesian stock listed companies, and we use data from recently expanded rules on disclosure to analyze the level and structure of compensation for the CEO - domestically known as the president director. Looking at corporate governance arrangements, firm performance, and CEO characteristics, our empirical evidence reveals a significant positive relationship between firm size and CEO pay. No further significant relationships are found between CEO compensation and our remaining determinants, but we find that firms owned by the Indonesian Government are larger in size than family-owned firms, hence they compensate their CEOs higher than those owned by families. Finally our thesis adds to the general understanding of international corporate governance issues, and our findings suggest a low level of disclosure on CEO remuneration in Indonesia. Keywords:CEO compensation, corporate governance, company performance,
determinants, Indonesia | no_NO |
