6533b872fe1ef96bd12d4354
RESEARCH PRODUCT
Ownership, Board Compensation and Company Performance in Sub-Saharan African Countries
Roy MerslandGibson MunisiGibson Munisisubject
Economics and Econometrics050208 financeSub saharanbusiness.industryCorporate governanceCompensation (psychology)05 social sciencesComputingMilieux_LEGALASPECTSOFCOMPUTINGAccountingjel:G34jel:G32Peer reviewBoards of Directors; Ownership Structure; Board Compensation; Corporate Governance; Company Performance; Sub-Saharan Africa; Weak Institutions0502 economics and businessbusiness050203 business & managementFinancedescription
In countries with weak institutions, board governance becomes more important. This study uses a unique dataset from listed sub-Saharan African companies to examine the relationship between ownership composition and board compensation. It further analyses the association between board compensation and company performance. The findings indicate that board ownership and chief executive officer ownership are positively associated, whereas state ownership and concentrated ownership are negatively associated with board compensation. There is no evidence of a significant association between chairperson ownership or foreign ownership and board compensation. Finally, there is a negative but not significant relationship between board compensation and company performance. JEL Classification: G32, G34
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2013-11-18 |