Executive compensation and corporate performance of energy companies around the world

This paper studies the relationship between executive compensation and corporate performance of global energy companies. Data from 121 listed energy companies from 2010 to 2019 were collected for empirical analysis. The results show that in the energy industry, executive compensation has a significa...

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Autores principales:	Chaohui Wang, Su Zhang, Subhan Ullah, Raza Ullah, Farid Ullah
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Executive compensation Corporate performance Energy companies Firm performance Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/060796aa40a448aba2ae02b7e0ad5451
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id	oai:doaj.org-article:060796aa40a448aba2ae02b7e0ad5451
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spelling	oai:doaj.org-article:060796aa40a448aba2ae02b7e0ad54512021-11-28T04:31:14ZExecutive compensation and corporate performance of energy companies around the world2211-467X10.1016/j.esr.2021.100749https://doaj.org/article/060796aa40a448aba2ae02b7e0ad54512021-11-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2211467X21001346https://doaj.org/toc/2211-467XThis paper studies the relationship between executive compensation and corporate performance of global energy companies. Data from 121 listed energy companies from 2010 to 2019 were collected for empirical analysis. The results show that in the energy industry, executive compensation has a significant positive impact on corporate performance, which is consistent with agency theory, tournament theory and social network theory. In addition, we found that cash incentives are more useful than equity incentives for senior executives. Therefore, we recommend that energy companies establish a reasonable compensation incentive system to address agency issues in the sector.Chaohui WangSu ZhangSubhan UllahRaza UllahFarid UllahElsevierarticleExecutive compensationCorporate performanceEnergy companiesFirm performanceEnergy industries. Energy policy. Fuel tradeHD9502-9502.5ENEnergy Strategy Reviews, Vol 38, Iss , Pp 100749- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Executive compensation Corporate performance Energy companies Firm performance Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Executive compensation Corporate performance Energy companies Firm performance Energy industries. Energy policy. Fuel trade HD9502-9502.5 Chaohui Wang Su Zhang Subhan Ullah Raza Ullah Farid Ullah Executive compensation and corporate performance of energy companies around the world
description	This paper studies the relationship between executive compensation and corporate performance of global energy companies. Data from 121 listed energy companies from 2010 to 2019 were collected for empirical analysis. The results show that in the energy industry, executive compensation has a significant positive impact on corporate performance, which is consistent with agency theory, tournament theory and social network theory. In addition, we found that cash incentives are more useful than equity incentives for senior executives. Therefore, we recommend that energy companies establish a reasonable compensation incentive system to address agency issues in the sector.
format	article
author	Chaohui Wang Su Zhang Subhan Ullah Raza Ullah Farid Ullah
author_facet	Chaohui Wang Su Zhang Subhan Ullah Raza Ullah Farid Ullah
author_sort	Chaohui Wang
title	Executive compensation and corporate performance of energy companies around the world
title_short	Executive compensation and corporate performance of energy companies around the world
title_full	Executive compensation and corporate performance of energy companies around the world
title_fullStr	Executive compensation and corporate performance of energy companies around the world
title_full_unstemmed	Executive compensation and corporate performance of energy companies around the world
title_sort	executive compensation and corporate performance of energy companies around the world
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/060796aa40a448aba2ae02b7e0ad5451
work_keys_str_mv	AT chaohuiwang executivecompensationandcorporateperformanceofenergycompaniesaroundtheworld AT suzhang executivecompensationandcorporateperformanceofenergycompaniesaroundtheworld AT subhanullah executivecompensationandcorporateperformanceofenergycompaniesaroundtheworld AT razaullah executivecompensationandcorporateperformanceofenergycompaniesaroundtheworld AT faridullah executivecompensationandcorporateperformanceofenergycompaniesaroundtheworld
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Executive compensation and corporate performance of energy companies around the world

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