Determinant Factors Of Directors’ Remuneration: A Study On Malaysia Equity Market
| dc.contributor.author | Chong, Hai Hsiong | |
| dc.date.accessioned | 2019-05-28T23:56:13Z | |
| dc.date.available | 2019-05-28T23:56:13Z | |
| dc.date.issued | 2014-10 | |
| dc.description.abstract | Bursa Malaysia is one of the most important stock exchange centers in ASEAN. The success and attractiveness of a stock exchange market relies on the stock price performance listed on the stock exchange. To propel Malaysia to become a high income nation, talented executive directors with great leadership skill is one of the crucial factor. In Malaysia, studies of executives’ remuneration, firms’ attributes and performance are always the key focus. Some of the area which lack of attention is the characteristic of executive directors and also ownership characteristics of a firm. Another factor that received little attention is the dividend payout policy of the firm in relationship to the executive directors’ remuneration. The main objective of the study is to determine the relationship of determinants in term of characteristics of executive directors (age and education attainment), ownership characteristics (family firm), firms attribute (performance) and dividend payout policy with the executive directors’ remuneration. In this research, one hundred firms in seven sector listed on Bursa Malaysia main board are selected. The firms’ data is collected from year 2008 to 2012 which resulted in 500 firm-year observations. The analysis shows age of the executive directors affect the total pay receive where younger directors received lesser pay. The result is supported by the human capital theory where age will bring along the working experience which can allow the directors to do a better business decision. The firms’ performance measured by ROA and ROE shows a positive and significant effect to the salaries paid to the executive directors. This healthy practice of the firms’ in Malaysia shows that practices suggested by Malaysia Code of Corporate Governance 2012 is adopted to mitigate the agency problem. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/8260 | |
| dc.language.iso | en | en_US |
| dc.publisher | Universiti Sains Malaysia | en_US |
| dc.subject | To propel Malaysia to become a high income nation | en_US |
| dc.subject | is one of the crucial factor. In Malaysia | en_US |
| dc.title | Determinant Factors Of Directors’ Remuneration: A Study On Malaysia Equity Market | en_US |
| dc.type | Thesis | en_US |
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