Abstract
This paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee quality and the voluntary adoption of clawback provisions. Using a sample drawn from the U.S. firms from 2008 to 2015, the results show that the compensation committee quality is positively related to the voluntary adoption of clawback provisions. Additionally, the positive relationship between compensation committee quality and the voluntary adoption of clawback provisions is more pronounced for firms with higher Level 3 fair values.
| Original language | English |
|---|---|
| Pages (from-to) | 345-355 |
| Number of pages | 11 |
| Journal | Investment Management and Financial Innovations |
| Volume | 15 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2018 Jan 1 |
Fingerprint
All Science Journal Classification (ASJC) codes
- Business and International Management
- Accounting
- Finance
- Economics and Econometrics
- Strategy and Management
Cite this
}
The relationship between compensation committee quality and the voluntary adoption of clawback provisions. / Hsu, Hui Wen; Tsai, Liu Ching; Young, Chaur Shiuh; Chen, Chia Hui.
In: Investment Management and Financial Innovations, Vol. 15, No. 4, 01.01.2018, p. 345-355.Research output: Contribution to journal › Article
TY - JOUR
T1 - The relationship between compensation committee quality and the voluntary adoption of clawback provisions
AU - Hsu, Hui Wen
AU - Tsai, Liu Ching
AU - Young, Chaur Shiuh
AU - Chen, Chia Hui
PY - 2018/1/1
Y1 - 2018/1/1
N2 - This paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee quality and the voluntary adoption of clawback provisions. Using a sample drawn from the U.S. firms from 2008 to 2015, the results show that the compensation committee quality is positively related to the voluntary adoption of clawback provisions. Additionally, the positive relationship between compensation committee quality and the voluntary adoption of clawback provisions is more pronounced for firms with higher Level 3 fair values.
AB - This paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee quality and the voluntary adoption of clawback provisions. Using a sample drawn from the U.S. firms from 2008 to 2015, the results show that the compensation committee quality is positively related to the voluntary adoption of clawback provisions. Additionally, the positive relationship between compensation committee quality and the voluntary adoption of clawback provisions is more pronounced for firms with higher Level 3 fair values.
UR - http://www.scopus.com/inward/record.url?scp=85063184043&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85063184043&partnerID=8YFLogxK
U2 - 10.21511/imfi.15(4).2018.28
DO - 10.21511/imfi.15(4).2018.28
M3 - Article
AN - SCOPUS:85063184043
VL - 15
SP - 345
EP - 355
JO - Investment Management and Financial Innovations
JF - Investment Management and Financial Innovations
SN - 1810-4967
IS - 4
ER -