The impact of CEO compensation structure on corporate social performance / Noura MOURFIK / 2020

Titre : The impact of CEO compensation structure on corporate social performance Type de document : Mémoire Auteurs : Noura MOURFIK, Auteur Année de publication : 2020 Importance : 25 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management PERFORMANCE ; REMUNERATION ; RESPONSABILITE SOCIALE DE L'ENTREPRISE ; ETHIQUE ; MANAGER Résumé : Nowadays, CSR measures are playing an increasingly important role in assessing a company's performance. For the sake of transparency, managers are now called upon to communicate around a socially responsible decision system. Thus, all the decisions and impacts (positive and negative) of the activity of the company affecting all or part of its stakeholders are taken into account and mentioned in the activity report of the companies.In this perspective, the purpose of this paper is to observe how the structure of CEO compensation can have an effect on a firm's corporate social responsibility (CSR) performance. Based on a sample of 1,624 US public firms, results reveal a positive and significant relationship between a firm's CSR performance and CEO total compensation, as predicted by agency theory. More precisely, we note on the one hand, an important positive correlation between long-term incentives and CSR performance and on the other hand, a negative correlation between short-term incentives and CSR performance.In the light of the theories and the results obtained, we suggest that a socially responsible company should be managed by managers who seek to maximize the profits of the shareholders, but as far as possible, should also respect the laws and include the impact on other stakeholders into their decision-making. Programme : PGE-Reims Spécialisation : Finance d’Entreprise - Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=529790