The Remuneration Determinants of Chief Executive Officers: A Theoretical Approach

Stukaitė, Dalia; Šilingienė, Violeta; Radvila, Gintautas

doi:10.1016/j.sbspro.2015.11.494

Cited by 6 publications

(4 citation statements)

References 21 publications

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“…However, this interpretation may be misleading: they see a joint CEO-Chair as essentially a powerful CEO with the incentives agency theory would suggest (to protect insiders by lowering risk). This is at odds with literature we cite above (Šilingienė et al, 2015, Goh and Gupta, 2016and Dey et al, 2011 showing that, in the UK, CEO remuneration structures incentivise risk-taking much more than the remuneration structures of Chairmen, and that joint CEO-Chairmen have especially high pay-based incentives to take risk.…”

Section: J O U R N a L P R E -P R O O Fmentioning

confidence: 61%

“…These empirical results would be surprising if we based our thinking entirely on agency theory, with its focus on differing personal incentives, and believed, as regulators appear to, that the most important feature of independent Chairmen (aside from basic competence) is the fact that they have weaker paybased incentives than CEOs to pursue profit and take risk. Literature we cite in Section 2 shows that regulators are correct to believe that UK bank CEOs, and especially Joint CEO-Chairmen, have strong pay-based incentives to take risk whereas independent Chairmen lack such incentives (Šilingienė et al, 2015, Goh and Gupta, 2016and Dey et al, 2011.…”

Section: Effects Of a Joint Ceo-chairmanmentioning

confidence: 99%

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Independence in bank governance structure: Empirical evidence of effects on bank risk and performance

Harkin

Mare

Crook

2020

Research in International Business and Finance

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This is a PDF file of an article that has undergone enhancements after acceptance, such as the addition of a cover page and metadata, and formatting for readability, but it is not yet the definitive version of record. This version will undergo additional copyediting, typesetting and review before it is published in its final form, but we are providing this version to give early visibility of the article. Please note that, during the production process, errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain.

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Section: J O U R N a L P R E -P R O O Fmentioning

confidence: 61%

Section: Effects Of a Joint Ceo-chairmanmentioning

confidence: 99%

Independence in bank governance structure: Empirical evidence of effects on bank risk and performance

Harkin

Mare

Crook

2020

Research in International Business and Finance

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“…It is reflected between the submission requirements, the result of management control system and the organization internal control mechanism, which will then become a part of organization report to external parties.The submission requirements will induce the change in management control system that underlies the improved organization accountability (Sopp and Baumuller, 2012). After an organization carries out the allocation of performance allowance, there should be a special committee of performance allowance which is to provide input and analysis related to its culture, standard and financial potential that exist in it (Silingiene et al, 2015).…”

Section: Resultsmentioning

confidence: 99%

The Effect Of Performance Allowances On Motivation, Employees' Work Achievement and Organizational Performance in Government Offices

Mudhofar

2021

JAP

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This study aims to analyze the effect of performance allowance as a determinant of motivation, employees’ work achievement and organizational performance in the Ministry of Religion's Office Lumajang City. This determining variable is important for public organizations to improve services and fulfill bureaucratic reform. This quantitative research uses Structural Equation Modeling (SEM) data analysis tools with AMOS software. The research population was 153 Ministry of Religion employees. The modeling results show the GFI index value of 0.906; CFI 0.969; and RMSEA 0.040. Hypothesis testing shows the insignificant direct effect between performance allowance and motivation, employees’ work achievement and organizational performance. Factors that determine the improvement in performance of public organizations are directly and significantly affected by by work achievement. Work achievement contributes the most to organizational performance. High work achievement requires a number of supporting factors, namely performance allowance and motivation. This research provides a practical contribution in policy making for government organizations regarding efforts to improve organizational performance through work achievement. Performance allowance and motivation is an important element to directly improve employee work achievement as a medium to improve organizational performance. The originality value of this research is very good because it was first carried out on the object of a public organization that has just applied compensation payments for the State Civil Apparatus in the form of performance allowances by testing and measuring the implications of the compensation factor as a determinant of organizational performance.

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“…The following illustrates how wages and salaries are defined differently:In accordance with Soem arso, the definition of wages is compensation for employees who perform manual labor and rely more heavily on their physical prowess. Theamount is typically cal culated on a daily, unit, or wholesale basis (Krumbiegel et al, 2018;Martins & Saraiva, 2020;Šilingienė et al, 2015).…”

Section: Wages and Related Legal Aspectsremunerationmentioning

confidence: 99%

Analysis of Wages and Severance Pay During the Covid-19 Pandemic Reviewed from Labor Law

Wakhyuni

Nurhayati

Setiawan

2022

ijjm

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The Corona Virus Disease 2019 pandemic was first discovered in the city of Wuhan, China at the end of December 2019. This virus spreads very quickly and has spread to almost all countries, including Indonesia. As a result of the spread of the Corona virus, it has a negative impact on several sectors such as the economic sector, business, tourism, industry, health and so on. The tourism sector has been hit hard by the Covid-19 pandemic. Until now, almost all tourist destinations in Indonesia are closed. This is a very difficult condition, in Indonesia almost all tourist destinations, hotels, facilities, and entertainment are closed and are only allowed for 50% of visitors based on Government recommendations. The Karo Regency Government is also facing the same problem, one of the sectors that is relied upon to support Karo Regency's Original Regional Revenue (PAD) is from the tourism sector, and Brasatagi Subdistrict is one of the sub-districts that is the mainstay of the tourism sector in Karo Regency. Speaking of the tourism sector, the industry that is most closely related is Hotels and Restaurants. Throughout 2020 until mid-2021, the hotel occupancy rate in the Brastagi District fell by almost 90%. The very significant decline in the level of tourist visits, hotel occupancy and restaurant visitors in Brastagi District has caused entrepreneurs of tourist sites, hotels and restaurants to suffer huge losses. Employers are no longer able to cover all operational costs, including the cost of wages for workers. This forces employers to rearrange their working hours and calculate the number of workers that they still allow them to employ. Some of this is done by applying alternate vacations or leave to their employees, some of them who are no longer able to survive, are forced to lay off temporarily, cut wages. or terminate the employment of its employees. The findings in this study are that employers are still required to pay wages in full in the form of basic wages and fixed allowances as long as workers are laid off during the COVID-19 pandemic and are required to provide severance pay for workers who have been laid off in accordance with Article 156 of Law No. 2003 concerning Manpower and the Ninth Part, Article 37 concerning Payment of Wages in a State of Bankruptcy in the Government Regulation concerning Wages no. 78 of 2015.

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The Remuneration Determinants of Chief Executive Officers: A Theoretical Approach

Cited by 6 publications

References 21 publications

Independence in bank governance structure: Empirical evidence of effects on bank risk and performance

Independence in bank governance structure: Empirical evidence of effects on bank risk and performance

The Effect Of Performance Allowances On Motivation, Employees' Work Achievement and Organizational Performance in Government Offices

Analysis of Wages and Severance Pay During the Covid-19 Pandemic Reviewed from Labor Law

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