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The Effects of Deferred Compensation and Performance-based Compensation on Firm Value

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dc.contributor.authorByun, Dong Heon-
dc.contributor.authorKim, Jinbae-
dc.contributor.authorShin, Joon Yong-
dc.date.accessioned2021-09-08T18:16:29Z-
dc.date.available2021-09-08T18:16:29Z-
dc.date.issued2009-04-
dc.identifier.issn1608-1625-
dc.identifier.issn2164-2257-
dc.identifier.urihttps://scholar.korea.ac.kr/handle/2021.sw.korea/120274-
dc.description.abstractThis study empirically investigates the effects of two incentive systems: (i) the deferred compensation system, which involves paying lower (higher) compensation than the industry average during employees' early (later) service periods; and (ii) the performance-based compensation system. Empirical results using employee-wage data from Korean firms show that both the deferred compensation system and the performance-based compensation system have positive associations with firth value measured by Tobin's Q. However, the associations between the two types of incentive system and other value-relevant factors are not uniform. While the deferred compensation system contributes to the enhancement of ROA and an improvement in labor productivity, the performance-based compensation system stimulates sales growth.-
dc.format.extent19-
dc.language영어-
dc.language.isoENG-
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD-
dc.titleThe Effects of Deferred Compensation and Performance-based Compensation on Firm Value-
dc.typeArticle-
dc.publisher.location영국-
dc.identifier.doi10.1080/16081625.2009.9720829-
dc.identifier.scopusid2-s2.0-70349266833-
dc.identifier.wosid000275018400003-
dc.identifier.bibliographicCitationASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, v.16, no.1, pp 49 - 67-
dc.citation.titleASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS-
dc.citation.volume16-
dc.citation.number1-
dc.citation.startPage49-
dc.citation.endPage67-
dc.type.docTypeArticle-
dc.description.isOpenAccessN-
dc.description.journalRegisteredClassscie-
dc.description.journalRegisteredClassscopus-
dc.relation.journalResearchAreaBusiness & Economics-
dc.relation.journalWebOfScienceCategoryBusiness, Finance-
dc.relation.journalWebOfScienceCategoryEconomics-
dc.subject.keywordPlusOWNERSHIP STRUCTURE-
dc.subject.keywordPlusCORPORATE GOVERNANCE-
dc.subject.keywordPlusEMPIRICAL-ANALYSIS-
dc.subject.keywordPlusMARKET-
dc.subject.keywordPlusAGENCY-
dc.subject.keywordPlusEARNINGS-
dc.subject.keywordPlusKOREA-
dc.subject.keywordAuthorcompensation-
dc.subject.keywordAuthorincentive-
dc.subject.keywordAuthordeferred compensation-
dc.subject.keywordAuthorperformance-
dc.subject.keywordAuthorfirm value-
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