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A Review of the Current Literature on Executive Compensation: New Insights and Understandings

Author

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  • Phillip C. James

    (College of Business and Management, School of Business Administration,University of Technology, Jamaica)

Abstract

There have been a number of research projects which examined the issue of executive compensation with the objective of identifying the factors that influence executive compensation. However, despite those attempts there is yet to be a comprehensive paper that brings all the possible factors together in order to provide a better understanding of the factors driving executive compensation. The objective of this paper is to present a thorough discussion on the main drivers of executive compensation. To achieve this objective, a review of the current literature of the major factors driving executive compensation as published in leading research journals was carried out. Among the drivers identified are: firm size and performance, corporate governance issues and agency problems, structure of the board of directors, executive power and tenure, market factors, insider trading restrictions, and company characteristics.

Suggested Citation

  • Phillip C. James, 2014. "A Review of the Current Literature on Executive Compensation: New Insights and Understandings," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 2(2), pages 45-54, April.
    • Handle: RePEc:lrc:lareco:v:2:y:2014:i:2:p:45-54
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    File URL: http://journalofeconomics.org/index.php/site/article/view/134/184
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    Citations

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    Cited by:

    1. Phillip James & Il-woon Kim, 2018. "CEO Compensation in the U.S.: Are CEOs Underpaid or Overpaid ?," Accounting and Finance Research, Sciedu Press, vol. 7(3), pages 1-78, August.
    2. Tando O. Siwendu & Cosmas M. Ambe, 2024. "A Systematic Literature Review on Transparency in Executive Remuneration Disclosures and Their Determinants," JRFM, MDPI, vol. 17(10), pages 1-15, October.

    More about this item

    Keywords

    Agency problem; Corporate governance; Executive compensation; Firm.;
    All these keywords.

    JEL classification:

    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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