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Australian CEO Compensation: The Descriptive Evidence
Author(s) -
MATOLCSY ZOLTAN,
WRIGHT ANNA
Publication year - 2007
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2007.tb00335.x
Subject(s) - compensation (psychology) , accounting , sample (material) , descriptive statistics , business , government (linguistics) , descriptive research , executive compensation , corporate governance , finance , psychology , sociology , social psychology , social science , linguistics , chemistry , statistics , philosophy , mathematics , chromatography
CEO compensation has been well documented in the US in the academic and professional literature. However, despite widespread attention by the Australian business community and the federal government to this issue, descriptive evidence on Australian CEOs' compensation contracts is very sparse. Using a sample of large Australian firms for three years, this study provides the first detailed descriptive evidence on both the levels and structures of Australian CEO compensation. The study compares these findings with those from the US and reveals significant variations in CEO compensation contracts between the Australian and US markets.