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2015 Conference

del 15 al 16 de October del 2015

Orlando, FL

Welcome to the AFS Conference 2015 Schedule App. Please use the search features to see when your session or poster has been scheduled to take place. 

Executive Compensation: Motivation and Guidance for casting Say-On-Pay Votes

viernes, el 16 de octubre de 2015 a las 10:50–12:20 EDT
3-Senate
Keywords: 5 words maximum

Investments, Executive Compensation, Say-On-Pay Votes

Very short description for use in the program to help attendees understand more than a title can describe

Securities law requires companies to put executive pay to a shareholder vote called say-on-pay. Past research offers little guidance to investors on how to cast their votes. This research uses three years of data drawn from Securities and Exchange filings by the thirty Dow Jones Industrial Average companies to provide investors with some motivation to cast, and guidance on which way to cast, their say-on-pay votes. Preliminary evidence suggests that after removing just two outliers, return on equity is strongly associated with executive compensation and provides guidance to investors on how to cast their say-on-pay votes. 

Lead & Corresponding Author

Christine M. Newman, Auburn University
Job Title

Ph.D. Student

Additional Authors

Joseph A. Newman, Ph.D., Auburn University at Montgomery
Job Title

Professor of Finance

Raymond M. Johnson, Ph.D., Auburn University at Montgomery
Job Title

Professor of Finance

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