Executive compensation and firm performance: Evidence from Philippine publicly-listed banks

• Main Authors: Co, Candice Eileen, Medina, Kimberly Eileen, Ng, Genevieve Ann, Sia, Karen Kay
• Format: text
• Language: English
• Published: Animo Repository 2011
• Subjects: Investments > Philippines; Banks and banking > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18375
• Institution: De La Salle University

Corporate governance plays an essential role in the success of firms, through good management practices, and strengthened investor confidence. This paper explores on the impact of firm performance, firm size, number of executives, time period (prior and at the onset of crisis), and group affiliation on executive compensation, through the use of regression method as employed by Unite et al. (2007). This method uses cross-sectional data compiled from the annual reports of the publicly-traded banks listed on the Philippine Stock Exchange (PSE) from 2003 through 2010. The results of which will be essential in constructing government policies, internal corporate guidelines, and compensation schemes to alleviate the agency problem, aimed at aiding the growth and expansion of these firms and market as a whole.