Titre : |
What is the impact of financial international regulations on CEO compensation structure? The example of Financial Accounting Standard 123 Revised |
Type de document : |
Mémoire |
Auteurs : |
Paul HUGEL, Auteur |
Année de publication : |
2019 |
Importance : |
29 p. |
Note générale : |
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Langues : |
Anglais (eng) |
Mots-clés : |
Management DIRECTION GENERALE ; REMUNERATION ; STOCK OPTION ; NORME COMPTABLE
|
Résumé : |
The recent years have seen a real debate around CEO compensation. Should it be controlled? should it be regulated? Or should it be self-regulated by the market and/or by organization themselves. Some opinion of authors will be provided in the coming literature review. Even if the ability of the states to have a real impact on Compensation level remains unsure, institutions can have a real impact on the CEO compensation structure and can intervene when they consider there are some abuses in the reward received by the executives. Therefore, an interesting question arising from this is What is the impact of financial international regulations on CEO compensation structure? The answer to this question will be provided through the specific case of the Revised Financial Accounting Standard 123 (FAS 123 R). Taking a sample on a group of 30 companies of the Dow Jones index on a 10-year-time frame (2000 to 2010), this study assesses the significance and the impact of the FAS 123 R on different pieces of the total CEO compensation through a multiple linear regression. It focused essentially on stock options and restricted stocks. It has been found that along with other factors, FAS 123 R had a significant impact on both stock options and restricted stock usage. More precisely, FAS 123 R had a negative impact on stock options granted and a positive impact on restricted stock granted. |
Note de contenu : |
Bibliographie p. 27-29 |
Programme : |
PGE-Reims |
Spécialisation : |
Finance d’Entreprise - Corporate Finance |
Permalink : |
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