Vol 6

Thuy, V. X. - Factors affecting income of Board of Executives: Evidence from listed companies on Ho Chi Minh City Stock Exchange

Thứ năm - 29/07/2021 18:09
Keywords: Board of Excutive, Board of Director, compensation policy, joint-stock company, company policy, Viet Nam listed company, earnings, representatives, managers, firm, performance, impact.
This study aims to identify the key factors that have influence on total income (salary, bonus) of the Board of Executives (BoE) or Board of Management (BoM). Literature review from relevant theoretical and empirical frameworks mentioned these following factors: BoD Size, Firm Size, Growth and Performance. By conducting research on 40 companies listed on Ho Chi Minh Stock Exchange (HOSE) with 200 observations during the period from 2009 to 2014 and applying means of random analyses, the study findings show that: Firm Size and BoD Size are two factors that have positive and significant impact on earnings of BoE. On the others hand, Firm Performance has weak impact on BoE earnings and the Company's Growth, which is calculated based on the difference in between market price and bookkepping value, does not affect BoE income despite initial expectation to be one crucial factor.
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