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Institutional investors and CEO pay performance in Malaysian firms
journal contribution
posted on 2018-01-01, 00:00 authored by T C Ming, Y B Foo, Ferdinand GulFerdinand Gul, A MajidThis study uses Malaysian data to examine whether institutional investors affect the association between firm performance and CEO compensation. Overall, we find that total institutional investor ownership has a negative effect on the positive association between firm performance and CEO compensation, which suggests ineffective monitoring. When the institutional investors are categorized into local and foreign, we find that the negative effect is driven by local institutional ownership, consistent with the argument that foreign institutional investors are associated with better monitoring. Our results provide new insights on the association between institutional investors and the CEO compensation-firm performance relationship in an emerging economy.
History
Journal
Journal of international accounting researchVolume
17Issue
1Season
SpringPagination
87 - 102Publisher
American Accounting AssociationLocation
Lakewood Ranch, Fla.Publisher DOI
ISSN
1542-6297eISSN
1558-8025Language
engPublication classification
C Journal article; C1 Refereed article in a scholarly journalCopyright notice
2018, American Accounting AssociationUsage metrics
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