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Choi, Jeongmi
- A Study on the CEO Compensation: Focusing on the Difference between Small and Medium Business and other Firms
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Authors
Affiliations
1 College of Economics and Business Administration, Cheongju University, KR
2 College of Business Administration, Keimyung University, KR
1 College of Economics and Business Administration, Cheongju University, KR
2 College of Business Administration, Keimyung University, KR
Source
Indian Journal of Science and Technology, Vol 8, No 20 (2015), Pagination:Abstract
The objective of this paper is to explore the association between small and medium business and CEO compensation for Korean listed firms. More specifically, focusing on the CEO’s cash compensation, we empirically investigate whether small and medium business exhibits different level of compensation when compared to other enterprises. We find that small and medium business exhibits lower level of CEO compensation relative to other firms. This result supports our argument that the lower degree of agency problem in small and medium business compared to other firms induces lower level of CEO compensation. Since understanding the mechanisms regarding CEO compensation directly is extremely hard, our research might provide useful information to the interested parties.Keywords
CEO Compensation, Interested Parties, Small and Medium BusinessFull Text
- Small and Medium Business and Investment Decision
Abstract Views :161 |
PDF Views:0
Authors
Affiliations
1 College of Business Administration, Keimyung University, KR
2 College of Economics and Business Administration, Cheongju University, KR
1 College of Business Administration, Keimyung University, KR
2 College of Economics and Business Administration, Cheongju University, KR
Source
Indian Journal of Science and Technology, Vol 8, No 24 (2015), Pagination:Abstract
We explore the association between small and medium business and investment decision. Specifically, we empirically examine whether small and medium business shows different level of investment efficiency relative to other firms. Our result indicates that small and medium business, when compared to other firms, shows lower investment efficiency so that small and medium business exhibits less potential for long-term growth. Thus, based on this finding, we conclude that the relative lack of investment funds and specialties in investment areas is the primary source of poor investment efficiency of the small and medium business, since such elements are the core inputs when enhancing firms’ investment efficiency. Given the importance of small and medium business in the economy, our research might provide useful implications to the policy makers.Keywords
Investment Decision, Investment Efficiency, Small and Medium BusinessFull Text