The relationship between compensation committee quality and the voluntary adoption of clawback provisions

Hui Wen Hsu, Liu Ching Tsai, Chaur Shiuh Young, Chia Hui Chen

研究成果: Article

摘要

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.

原文English
頁(從 - 到)345-355
頁數11
期刊Investment Management and Financial Innovations
15
發行號4
DOIs
出版狀態Published - 2018 一月 1

    指紋

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Accounting
  • Finance
  • Economics and Econometrics
  • Strategy and Management

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