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1) What are the economic determinants of chairman compensation in Swedish firms?

Olsson, Alexander and Clarkson, Kevin (2010)
Department of Business Administration
Abstract
Purpose: We attempt to fill a void in the research field of determinants of non-executive director compensation of the most actively traded companies in Sweden. Methodology: We are using a deductive and quantitative approach with a multiple regression to analyze our data and through that, serve our purpose. Theoretical perspective: Agency theory, Optimal Contracting theory, Stewardship theory, Managerial Power theory, Tournament theory and prior research has been used to fill our purpose. Conclusions: Swedish firms compensate their directors according to agency theory. We found that director compensation is positively linked to the variables: firm size, investment opportunities, ownership percentage, CEO compensation, Share-based... (More)
Purpose: We attempt to fill a void in the research field of determinants of non-executive director compensation of the most actively traded companies in Sweden. Methodology: We are using a deductive and quantitative approach with a multiple regression to analyze our data and through that, serve our purpose. Theoretical perspective: Agency theory, Optimal Contracting theory, Stewardship theory, Managerial Power theory, Tournament theory and prior research has been used to fill our purpose. Conclusions: Swedish firms compensate their directors according to agency theory. We found that director compensation is positively linked to the variables: firm size, investment opportunities, ownership percentage, CEO compensation, Share-based remuneration and Anglo-American directors. We also found a negative relationship of voting-power and the other variables came out with an insignificant result. (Less)
Please use this url to cite or link to this publication:
author
Olsson, Alexander and Clarkson, Kevin
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
Non-executive directors, remuneration, determinants, Sweden, Agency theory, Management of enterprises, Företagsledning, management
language
Swedish
id
1625284
date added to LUP
2010-06-07 00:00:00
date last changed
2012-04-02 18:07:56
@misc{1625284,
  abstract     = {{Purpose: We attempt to fill a void in the research field of determinants of non-executive director compensation of the most actively traded companies in Sweden. Methodology: We are using a deductive and quantitative approach with a multiple regression to analyze our data and through that, serve our purpose. Theoretical perspective: Agency theory, Optimal Contracting theory, Stewardship theory, Managerial Power theory, Tournament theory and prior research has been used to fill our purpose. Conclusions: Swedish firms compensate their directors according to agency theory. We found that director compensation is positively linked to the variables: firm size, investment opportunities, ownership percentage, CEO compensation, Share-based remuneration and Anglo-American directors. We also found a negative relationship of voting-power and the other variables came out with an insignificant result.}},
  author       = {{Olsson, Alexander and Clarkson, Kevin}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{1) What are the economic determinants of chairman compensation in Swedish firms?}},
  year         = {{2010}},
}