The effect of executives' education and compensation on firm value: evidence from China

Choi, Donseung; James, Kevin; Okafor, Collins E.; Cho, Eunho; Bhuyan, Md Nazmul Hasan

doi:10.1080/00036846.2022.2053053

Cited by 8 publications

(3 citation statements)

References 49 publications

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“…provides strong evidence that a CEO's high level of education positively affects the ability to engage in environmental innovation [ 64 ]. reveals that CEOs' financial (technical) education was significantly related to corporate investment decisions [ 65 ]. demonstrates that companies with more well-trained executives have an impact on enhancing corporate value [ 55 ].…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Does the education level of the CEO and CFO affect the profitability of real estate and construction companies? Evidence from Vietnam

Nguyen,

Nguyen

2024

Heliyon

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Does the education level of the CEO and CFO affect the profitability of real estate and construction companies? Evidence from Vietnam

Nguyen,

Nguyen

2024

Heliyon

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“…Penelitian terdahulu menunjukkan bahwa perusahaan dengan eksekutif yang lebih berpendidikan cenderung memiliki nilai yang lebih baik, dan tingkat kompensasi eksekutif meningkatkan asosiasi positif ini (Vieira et al, 2020). Selain itu, variasi upah berdasarkan klasifikasi pendidikan telah ditemukan secara positif mempengaruhi upah individu (Choi et al, 2022). Selanjutnya, dalam konteks imigran peluang yang lebih tinggi untuk mencapai pendidikan universitas telah diamati untuk individu yang orang tuanya memiliki tingkat pendidikan dan pendapatan yang lebih tinggi (Urban, 2012).…”

Section: Pendahuluanunclassified

Pengaruh Produktivitas Kerja, Posisi Jabatan, Pendidikan, Dan Sifat Pekerjaan Terhadap Besarnya Kompensasi Yang Diberikan Pada Karyawan PT.INDOLIMA Perkasa Cabang Palembang Periode 2018 - 2022

Hidayat,

Sazili,

Ridho

2024

jembatan

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Tujuan penelitian ini adalah untuk mengetahui bagaimana pengaruh produktivitas kerja (X1), posisi jabatan (X2), pendidikan (X3), Dan sifat pekerjaan (X4) secara parsial dan simultan terhadap besarnya kompensasi (Y) pada karyawan PT. Indolima Perkasa cabang Palembang. Teknik pengambilan sampel yang digunakan adalah Stratified Random Sampling. Sampel yang digunakan dalam penelitian ini berjumlah 110 responden. Metode dalam penelitian ini adalah metode kuantitatif dengan analisis data verifikatif. Hasil uji parsial (uji t) menunjukan bahwa variabel produktivitas kerja (X1), posisi jabatan (X2), pendidikan (X3), dan sifat pekerjaan (X4) berpengaruh secara parsial terhadap kompensasi (Y). Hasil uji simultan (uji f) menunjukan bahwa variabel produktivitas kerja (X1), posisi jabatan (X2), pendidikan (X3), dan sifat pekerjaan (X4) berpengaruh secara simultan terhadap kompensasi (Y). Hasil koefisien determinasi R2 yang diperoleh adalah 0,664( 66,4% ) berarti bahwa variabel produktivitas kerja (X1), posisi jabatan (X2), pendidikan (X3), dan sifat pekerjaan (X4), berpengaruh terhadap kompensasi (Y) sebesar 66,4% sedangkan sisanya 33,6% ( 100% - 66,4% ) dapat dijelaskan oleh variabel lain yang tidak diteliti dalam penelitian ini.

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“…We employ Tobin's Q (TOBINQ) to measure firm value because Tobin's Q is widely accepted as a firm's long-term performance measure [63,[66][67][68][69], and CSR is highly likely to pay off in the long run [70]. Moreover, management can easily manipulate accounting performance measures such as ROA by employing different accounting methods or policies.…”

Section: Data and Research Model 41 Datamentioning

confidence: 99%

The Moderating Effect of a Golden Parachute on the Association between CSR and Firm Value: Does Gender-Driven Innovation Matter?

et al. 2023

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We revisit the debate on whether a firm’s corporate social responsibility (CSR) activities enhance firm value. Research on related topics has produced mixed results suggesting a need to further investigate factors that directly or indirectly impact the CSR–firm value association. To this end, we examine if a firm’s adoption of a golden parachute (GP) moderates the relationship between CSR and firm value. We also investigate if diversity-based innovation as it pertains to the gender of executives reveals any difference in the CSR–firm value relation. Using a sample of 11,065 firm-year observations of publicly traded US firms from 2007 to 2016, we find that CSR activities are significantly and positively associated with firm value. More importantly, our study shows that for US firms that issue GPs, this severance pay strengthens this positive relationship, suggesting that CEOs with a GP engage in more value-enhancing innovative CSR projects than their counterparts without it. This finding supports the conflict resolution theory and the resource-based view of the firm. A test to examine if the gender of the corporate executives alters their behavior towards CSR when the GP protects them shows an inverse relationship between female executives and CSR–firm value association. This interesting finding lends credence to related theories suggesting that women in male-dominated fields may feel pressured to conform to the stereotype of women as less competent than men and may adopt traditionally masculine behaviors to counteract this stereotype. As they climb the corporate leadership ladder endowed with a GP, the stereotype threat may still prevail, adversely affecting the CSR–firm value outcomes. These results remain robust after a series of sensitivity tests.

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The effect of executives' education and compensation on firm value: evidence from China

Cited by 8 publications

References 49 publications

Does the education level of the CEO and CFO affect the profitability of real estate and construction companies? Evidence from Vietnam

Does the education level of the CEO and CFO affect the profitability of real estate and construction companies? Evidence from Vietnam

Pengaruh Produktivitas Kerja, Posisi Jabatan, Pendidikan, Dan Sifat Pekerjaan Terhadap Besarnya Kompensasi Yang Diberikan Pada Karyawan PT.INDOLIMA Perkasa Cabang Palembang Periode 2018 - 2022

The Moderating Effect of a Golden Parachute on the Association between CSR and Firm Value: Does Gender-Driven Innovation Matter?

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