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CEO Pay Determinants; An Empirical Panel Data Analysis in the Western European Banking Sector (1988–2002)

14 Pages Posted: 12 Nov 2009  

Date Written: November 10, 2009

Abstract

In this paper it will be attempted to estimate the effect of profitability, bank size as well as bank expansion on ceo remuneration in the Western European banking sector. The sample covers annually many banks of the countries Belgium, Denmark, France, Germany, Netherlands, Ireland and UK for the period (1988–2002). Data are kindly given by Bloomberg and are elaborated through the Eviews software package. The contribution of this paper is that a new method of estimation the remuneration of banking ceo is introduced based on Georgiou (2005), thus enabling researchers to relate ceo remuneration variable with other economic variables.

Keywords: entrepreneurship, CEO pay, corporate governance, banking, econometric models with panel data

JEL Classification: M13, E24, J31, G34, G2, C33

Suggested Citation

Georgiou, Miltiades N., CEO Pay Determinants; An Empirical Panel Data Analysis in the Western European Banking Sector (1988–2002) (November 10, 2009). Available at SSRN: https://ssrn.com/abstract=1503392 or http://dx.doi.org/10.2139/ssrn.1503392

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