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- W2914279901 abstract "Purpose The purpose of this paper is to examine the asymmetric behavior between CEO pay and firm performance in Nigeria. Design/methodology/approach The study adopts a two-step dynamic panel generalized method of moments (GMM) to reveal asymmetric responses of CEO pay to positive and negative shocks in firm performance. Findings The research outcomes of a two-step dynamic panel GMM) adopted reveal asymmetric responses of CEO pay to positive and negative shocks in firm performance. This implies that CEOs are handsomely compensated for good performance, but not punished for poor performance. Originality/value The study, therefore, suggests that CEO pay fails to serve as an internal corporate governance mechanism to alleviate agency problem in Nigeria’s listed firms." @default.
- W2914279901 created "2019-02-21" @default.
- W2914279901 creator A5040049877 @default.
- W2914279901 date "2019-03-04" @default.
- W2914279901 modified "2023-10-05" @default.
- W2914279901 title "Asymmetric information phenomenon in the link between CEO pay and firm performance" @default.
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- W2914279901 doi "https://doi.org/10.1108/jes-11-2017-0319" @default.
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