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dc.contributor.authorBakke, Stein Inge
dc.contributor.authorLarsen, Simon-Andreas
dc.date.accessioned2012-11-26T11:23:07Z
dc.date.available2012-11-26T11:23:07Z
dc.date.issued2012
dc.identifier.urihttp://hdl.handle.net/11250/135806
dc.descriptionMasteroppgave i økonomi og administrasjon - Universitetet i Agder 2012no_NO
dc.description.abstractThe!aim!of!this!thesis!is!to!describe!changes!in!executive!pay!in!Norwegian!companies! on!the!Oslo!Stock!Exchange!during!the!period!from!2006!to!2010.!We!want!to!describe! the!impact!of!the!financial!crisis!on!executive!pay,!and!look!at!the!factors!that!will!decide! the!CEO´s!salary!and!the!impact!these!factors!have.!In!our!study!we!are!using!a!sample!of! 138!Norwegian!companies!listed!on!the!Oslo!Stock!Exchange.!! ! We! extracted! data! on! executive! pay! and! other! economic! indicators! from! the! annual! reports!of! the! companies! involved.! In!addition! to!describing! the!developments! in!CEO! pay!and! the! composition!of! this!we!have! carried!out!analyzes! to! see!how! the! location! and!size!of!companies!affects!the!total!remuneration!of!CEOs.!! We! have! also! conducted! a! correlation! analysis! and! a! regression! analysis.! ! The!study!shows!that!top!executive!pay!has!increased!substantially!from!2006!to!2008,! with! the!greatest! increase! from!2006! to!2007.!Then! the! remuneration!was! reduced! in! 2009!and!this!trend!also!continued!into!2010!when!we!adjust!for!inflation.!The!analysis! shows! that! for! companies! located! in! and! around!Oslo,! the!CEOs! receive! higher!wages! than! other! CEOs! in! companies! around! the! country.!We! also! demonstrated! a! positive! correlation! between! corporate! size,!measured! by!number! of! employees! and! turnover,! and! CEO! pay.! In! other! words,! CEOs! in! larger! companies! are! receiving! higher! remuneration! than! CEOs! of! smaller! companies.! The! analysis! also! shows! us! that! the! financial! crisis! has! helped! to! steer! the! development! of! the! bonus! payments.! The! correlation! between! bonus! payments! and! profit! of! the! companies!was!much! stronger! during! the! financial! crisis! than! before! the! crisis.! ! The!thesis!is!organized!in!four!parts.!The!first!part!of!the!thesis!presents!the!theory!of! principalDagent! theory,! risk,! optimal! contract! theory,! the! sizeDwage! effect! and! other! relevant!parts!regarding!CEO!pay!and!its!components.!In!the!second!part!we!will!present! how!we!have!worked!with!the!study,!and!present!our!analysis!and!findings!in!the!third! part.!The!last!part!of!the!thesis!deals!with!discussion!of!the!results!and!suggestions!for! further!research.!We!hope!that!our!thesis!will!be!interesting!to!read.! !no_NO
dc.language.isonobno_NO
dc.publisherUniversitetet i Agder ; University of Agderno_NO
dc.subject.classificationBE 501
dc.titleTopplederlønn- dens utvikling og sammensetning før og under finanskrisen : en studie av norske allmennaksjeselskap på Oslo Børsno_NO
dc.typeMaster thesisno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO
dc.source.pagenumber106 s.no_NO


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