Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms

Al-Najjar, Basil (2017) Corporate governance and CEO pay: Evidence from UK Travel and Leisure listed firms. Tourism Management, 60. pp. 9-14. ISSN 0261-5177

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Official URL: https://doi.org/10.1016/j.tourman.2016.11.005

Abstract

This paper investigates from the UK context, the impact of board and CEO characteristics on CEO compensation in Travel and Leisure firms. Namely we employ, board size, board independence and board meetings to reflect board characteristics. We also include two CEO features, CEO tenure and CEO age into our models. Using panel data analysis, the findings in this paper indicate that board size, board independence and CEO age are important factors affecting CEO pay. In addition, we report a positive non-linear relationship between CEO tenure and firm performance. Hence, using Travel and Leisure listed firms; we provide new evidence of the relationship between corporate governance and CEO compensation.

Item Type: Article
Uncontrolled Keywords: CEO compensation, Board characteristics, CEO characteristics, Travel and leisure firms
Subjects: N100 Business studies
N200 Management studies
N800 Tourism, Transport and Travel
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Elena Carlaw
Date Deposited: 27 Apr 2021 15:50
Last Modified: 27 Apr 2021 16:00
URI: http://nrl.northumbria.ac.uk/id/eprint/46035

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