Advanced

How does board composition affect the boards' remuneration levels? -Evidence from publicly listed Swedish companies

Hjälm, Sandra LU and Jantén, Felicia (2015) FEKN90 20151
Department of Business Administration
Abstract
The purpose of this study is to investigate the extent to which the composition of the board of directors determines directors’ remuneration in Swedish listed companies. The method approach is quantitative and deductive and a multiple linear regression model analyzes the panel data. The theoretical framework consists of previous research on board compensation and theories such as agency theory, resource dependence theory, and stewardship theory. The study uses publicly available data from a sample of 43 Swedish public companies listed on the Stockholm Stock Exchange, Nasdaq OMX Stockholm Large Cap, from year 2006 to 2013. The findings of the study suggest that board composition does have an impact on the compensation given to the board of... (More)
The purpose of this study is to investigate the extent to which the composition of the board of directors determines directors’ remuneration in Swedish listed companies. The method approach is quantitative and deductive and a multiple linear regression model analyzes the panel data. The theoretical framework consists of previous research on board compensation and theories such as agency theory, resource dependence theory, and stewardship theory. The study uses publicly available data from a sample of 43 Swedish public companies listed on the Stockholm Stock Exchange, Nasdaq OMX Stockholm Large Cap, from year 2006 to 2013. The findings of the study suggest that board composition does have an impact on the compensation given to the board of directors. Female directors and independent directors show a positive relationship with board of directors’ compensation. Independent directors show a positive relationship with chairman compensation. (Less)
Please use this url to cite or link to this publication:
author
Hjälm, Sandra LU and Jantén, Felicia
supervisor
organization
course
FEKN90 20151
year
type
H1 - Master's Degree (One Year)
subject
keywords
Corporate Governance, Board of directors, Compensation, Composition, Sweden, Large Cap
language
English
id
7511619
date added to LUP
2015-08-12 18:10:00
date last changed
2015-08-12 18:10:00
@misc{7511619,
  abstract     = {The purpose of this study is to investigate the extent to which the composition of the board of directors determines directors’ remuneration in Swedish listed companies. The method approach is quantitative and deductive and a multiple linear regression model analyzes the panel data. The theoretical framework consists of previous research on board compensation and theories such as agency theory, resource dependence theory, and stewardship theory. The study uses publicly available data from a sample of 43 Swedish public companies listed on the Stockholm Stock Exchange, Nasdaq OMX Stockholm Large Cap, from year 2006 to 2013. The findings of the study suggest that board composition does have an impact on the compensation given to the board of directors. Female directors and independent directors show a positive relationship with board of directors’ compensation. Independent directors show a positive relationship with chairman compensation.},
  author       = {Hjälm, Sandra and Jantén, Felicia},
  keyword      = {Corporate Governance,Board of directors,Compensation,Composition,Sweden,Large Cap},
  language     = {eng},
  note         = {Student Paper},
  title        = {How does board composition affect the boards' remuneration levels? -Evidence from publicly listed Swedish companies},
  year         = {2015},
}