dc.contributor.author | Meinie, David I. | |
dc.contributor.author | Nepali, Munindra | |
dc.date.accessioned | 2011-10-25T08:06:13Z | |
dc.date.available | 2011-10-25T08:06:13Z | |
dc.date.issued | 2011 | |
dc.identifier.uri | http://hdl.handle.net/11250/135630 | |
dc.description | Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2011 | en_US |
dc.description.abstract | In the field of corporate governance, the phenomenon of executive compensation is highly
contentious and receives a great deal of attention. CEO’s have come under extensive scrutiny
with respect to the ever increasing compensation packages which they receive. In fact, this lies at
the centre of the Principal-Agent problem where the incentives given to the CEO must be
structured in such a way the he or she delivers the maximum possible shareholder value. The
value of these incentives are typically well above that of the average worker, which is where all
the contention stems from. However, practitioners recognise that being a CEO is a highly
demanding job where companies are willing to pay top dollar to attract and retain the best.
The level of CEO Compensation varies depending on region and culture, with much having been
documented on the issue in Western societies especially. This paper will veer off the traditional
course and instead examine the phenomenon of CEO pay in the South African context. The
purpose is to assess how established theories, Western in origin, hold up in an emerging market
framework.
Like any researcher, I hope that this will be an insightful experience for myself and that this body
of work will contribute meaningfully to the existing body of literature in the field of executive
compensation. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Universitetet i Agder ; University of Agder | en_US |
dc.subject.classification | BE 501 | |
dc.title | The determinants of CEO compensation from a governance framework : the case of South African firms | en_US |
dc.type | Master thesis | en_US |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Business: 213 | en_US |
dc.source.pagenumber | 75 s. | en_US |