2022
DOI: 10.1016/j.bir.2022.12.004
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Sustainability performance and board compensation in Japan and ASEAN-5 countries

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Cited by 9 publications
(5 citation statements)
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“…Thus, H4 in this study is not supported. Agreeing with the previous study in regards to the relationship between boards' compensation and sustainability performance [64], the negative relationship is due to the fact that board total compensation which consists of many components, such as severance or welcome payments, share-based remuneration, retirement savings, and variable monetary rewards [65] is not solely based on the sustainability performance of the company but more on the other company's performance indicator. this test result presumably implies that board compensation in Indonesia, Malaysia, Singapore, and Thailand is not closely tied to the company's sustainability performance, and boards are rewarded for enhancing the company's performance in a non-ESG related section as the shareholders' interest is not heavily focused on the sustainability sector of the company as per now [66].…”
Section: Resultsmentioning
confidence: 83%
“…Thus, H4 in this study is not supported. Agreeing with the previous study in regards to the relationship between boards' compensation and sustainability performance [64], the negative relationship is due to the fact that board total compensation which consists of many components, such as severance or welcome payments, share-based remuneration, retirement savings, and variable monetary rewards [65] is not solely based on the sustainability performance of the company but more on the other company's performance indicator. this test result presumably implies that board compensation in Indonesia, Malaysia, Singapore, and Thailand is not closely tied to the company's sustainability performance, and boards are rewarded for enhancing the company's performance in a non-ESG related section as the shareholders' interest is not heavily focused on the sustainability sector of the company as per now [66].…”
Section: Resultsmentioning
confidence: 83%
“…Ahmed et al (2021) Compensation is a form of payment or reward intended for employees stemming from the consequences of their work. Vahdati et al (2022) state that compensation is the output and benefits employees receive in wages and the same award as exchanging money for employees to improve job satisfaction. The work environment is an environment in which these employees work in which there are conditions in which the employees work.…”
Section: Source: Results Of Research Data Processing 2023mentioning
confidence: 99%
“…Ahmed et al (2021) Compensation is a form of payment or reward intended for employees and arising from the consequences of their work. Vahdati et al (2022) state that compensation is the output and benefits employees receive in the form of wages and the same award as the exchange of money for employees to improve performance.…”
Section: Source: Results Of Research Data Processing 2023mentioning
confidence: 99%