Chief executive officer compensation, firm performance, and strategic coopetition: A seemingly unrelated regression approach

Lin, Winston T.; Shi, Juehui

doi:10.1002/mde.3098

Cited by 13 publications

(11 citation statements)

References 59 publications

(111 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Therefore, it is imperative for researchers to use other methodology and a larger sample size to compare with our findings. For example, regression analysis, such as basic Ordinary Least Squares (OLS), more advanced Simultaneous Equations Systems (SES) [40] and Seemingly Unrelated Regressions (SUR), [41] can be used to find the causality and the significance of the factors that influence mental distress.…”

Section: Discussionmentioning

confidence: 99%

A Qualitative Study On Mental Distress Of Vietnamese Students In The U.S.A. In The Covid-19 Era

Pham

Shi

2020

APJHM

View full text Add to dashboard Cite

Objective: This paper aims to examine how the COVID-19 pandemic affects the mental distress of the Vietnamese students in the USA. We explore different root causes of mental distress among international students who are away from their home country, their loved ones, and being isolated from school and community due to this outbreak. Design: In-depth interviews were conducted to probe the reasons for mental stress during the pandemic and the narrative textual analysis was subsequently performed to analyze the results. This research includes the interviews of 20 Vietnamese students in the USA during the COVID-19 era. Results: The textual analysis showed that the mental distress of these Vietnamese students were caused by limited access to on-campus facilities and activities, limited access to public services including grocery shopping, transportations, clinics, the possibility of being infected, isolated living condition due to the lockdown order, and inability to go back to the home country when wanted. Conclusions: We found that both physical attributes (e.g., living condition, internet difficulty, overwhelmed healthcare system, restricted traveling, lack of personal interaction, limited access to public services) and psychological factors (e.g., anxiety of unfamiliar teaching modality, fear of viral infection, uncertain career aspects, cultural barrier and prejudice) directly led to the mental distress of these students. Moreover, other factors such as turbulent future job markets and potential racism toward Asians in relation with “Chinese virus” may cause the mental distress of these students.

show abstract

Section: Discussionmentioning

confidence: 99%

A Qualitative Study On Mental Distress Of Vietnamese Students In The U.S.A. In The Covid-19 Era

Pham

Shi

2020

APJHM

View full text Add to dashboard Cite

show abstract

“…The level of compensation offered to chief executive officers (CEOs) and the relationship between executive pay and companies' financial performance are among the issues that the corporate governance literature deals with the most often. This topic was discussed in the last several decades (Jensen & Murphy, 1990;Mäkinen, 2005;Kato & Kubo, 2006;Brick et al, 2006;Iwu-Egwuonwu, 2010;Ozkan, 2011;Raithatha & Komera, 2016;Amarou & Bensaid, 2017;Yamina & Mohamed, 2017) as well as in recent years (Le et al, 2020;Lin & Shi, 2020;Dias et al, 2020;Amewu & Alagidede, 2021;Cui et al, 2021;Ding & Chea, 2021;Wang et al, 2021;Chen & Hassan, 2022;Kayani & Gan, 2022). Nonetheless, some authors have demonstrated empirically that the relationship between executive compensation and financial performance is significant and positive, while others have not found such a relationship at all.…”

Section: Introductionmentioning

confidence: 99%

“…Firstly, it concentrates on emerging markets and concerns the relationship between executive pay and firm performance from the perspective of corporate governance principles adopted in Poland, where The Continental model is more suitable (Jerzemowska et al, 2013). The current literature on these relationships has been largely focused on The Anglo-American model (Ascherl et al, 2019;Le et al, 2020;Lin & Shi, 2020;Wang et al, 2021) or the Asia-Pacific countries (Farooque et al, 2019;Cui et al, 2021;Ding & Chea, 2021;Chen & Hassan, 2022;Kayani & Gan, 2022). Our decision is motivated by the lack of global consensus in the literature about these relationships and the non-existing current research across the Central Eastern European (CEE) region.…”

Section: Introductionmentioning

confidence: 99%

Executive compensation and the financial performance of Polish listed companies from the corporate governance perspective

Sajnóg

Rogozińska–Pawełczyk

2022

View full text Add to dashboard Cite

Research background: The level of compensation earned by CEOs and the relationship between executive pay and companies? performance is one of the most widely studied issues in the corporate governance literature. Studies conducted in the last several decades have provided evidence that CEO pay should be aligned with accounting financial measures. Purpose of the article: The main purpose of this paper is to determine the relationship between executive compensation and organizational financial performance. In particular, the effect of net income and comprehensive income as the accounting measures of financial performance on executive compensation is compared. Methods: The research comprised listed companies on the Warsaw Stock Exchange (WSE). The role and effect of accounting financial measures on executive compensation are analyzed based on three regression models. The period of analysis spanned ten years, from 2009 to 2018. Findings & value added: There are three conclusions that can be drawn from the study. Firstly, executive compensation in the analyzed companies largely depends on the accounting measures of financial performance, based on net income and comprehensive income (excluding ROE). Secondly, its level is significantly and positively influenced by the company?s size, Tobin?s Q ratio, debt ratio, and dividend rate. Thirdly, comprehensive income has a stronger effect on executive compensation than net income. Our findings add some potentially noteworthy dimensions to the economic literature on corporate governance, which is especially important to apply in the CEE region and other emerging economies. The Anglo-American assumption of corporate governance and executive compensation policy might not be suitable for the realities in much of the world.

show abstract

“…The present study attempts to extend the examination of the relationship between team performance and stock prices. As aforementioned, while most studies employed event analysis as their main methodology, recent studies argued for the use of a seemingly unrelated regression (Coates and Humphreys, 2008; Kim and Kim, 2020; Lin and Shi, 2020). Although the use of SUR is not a new econometric approach (Kakwani, 1967), it has become increasingly common due to its efficiency and ability to handle endogeneity issues (Kim and Kim, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Although the use of SUR is not a new econometric approach (Kakwani, 1967), it has become increasingly common due to its efficiency and ability to handle endogeneity issues (Kim and Kim, 2020). SUR is especially useful in examining the fluctuations of stock prices, where empirical evidence shows SUR can provide better accuracy and fit in understanding factors determining stock performance (Kim and Kim, 2020; Lin and Shi, 2020). The present study examines whether the performance of teams in the CSL is related to changes in stock price for the parent corporations that own the teams.…”

Section: Literature Reviewmentioning

confidence: 99%

Chinese Super League stock prices and team performance

Mao

Soebbing

Watanabe

2020

SBM

View full text Add to dashboard Cite

PurposeUtilizing the capital asset pricing model (CAPM), the purpose is to analyze whether the stock prices of the corporation that owns sport teams fluctuate based on team performance in the Chinese Super League (CSL).Design/methodology/approachSeveral CSL teams are publicly owned corporations. As such, the authors look to see if on-field performance impacts the stock price of the firms. Using the news model from previous research, seemingly unrelated regressions are estimated on CSL games from 2014 through 2017.FindingsThe results from the main models indicate some evidence of a statistical relationship between on-field team performance and stock price. Furthermore, the findings for individual teams across markets did not hold consistent across different markets. More specifically, the authors found some instances where successful on-field performance led to a decline in stock prices.Originality/valueThe present study further contributes to the growing literature related to on-field performance and stock prices. Unlike previous research, the use of the CSL as the empirical setting provides the opportunity to use multiple stock markets which provides an opportunity to further examine this relationship. Finally, the study contributes broadly to the literature on professional sports ownership structures around the world.

show abstract

Chief executive officer compensation, firm performance, and strategic coopetition: A seemingly unrelated regression approach

Cited by 13 publications

References 59 publications

A Qualitative Study On Mental Distress Of Vietnamese Students In The U.S.A. In The Covid-19 Era

A Qualitative Study On Mental Distress Of Vietnamese Students In The U.S.A. In The Covid-19 Era

Executive compensation and the financial performance of Polish listed companies from the corporate governance perspective

Chinese Super League stock prices and team performance

Contact Info

Product

Resources

About