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首页> 外文学位 >Relationship between Chief Executive Officer Compensation and Firm Performance for U.S. Health Insurance Companies.
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Relationship between Chief Executive Officer Compensation and Firm Performance for U.S. Health Insurance Companies.

机译：美国健康保险公司首席执行官薪酬与公司绩效之间的关系。

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摘要

Boards of directors have limited knowledge of the relationship between a firm's financial performance and chief executive officer's (CEO) incentive compensation within the U.S. health insurance industry. Understanding the relationship between firm performance and CEO compensation will assist compensation committees with aligning a CEO's compensation with the performance of his or her firm. The purpose of this study was to examine the relationship between the total compensation of health insurance CEOs and the performance of their firm within the United States. Informed by agency theory, the research question focused on the relationship between firms' return on equity, annual revenue, and CEOs' total compensation, while controlling for size of firm, age of CEO, and CEO tenure. Archival databases from Standard and Poor's Compustat and ExecuComp were used, and the sample included 117 total CEO years for the years 2006 - 2012. Hierarchical regression analysis was used to identify a statistically significant predictive model, F(5, 111) = 21.806, p < .01. In the final model, only 3 of the variables were statistically significant, with revenue recording the highest beta value followed by size of firm and finally tenure. Implications for positive social change include the potential to ensure equitable total compensation of the CEO, which aligns with the performance of the health insurance firm. In addition, compensation committees may utilize the results of this study to assess the current compensation of CEOs within the health insurance industry to ensure that the total compensation aligns with the performance of the firm.
机译：董事会对美国健康保险行业中公司的财务绩效与首席执行官（CEO）的薪酬之间的关系了解有限。了解公司绩效与CEO薪酬之间的关系将有助于薪酬委员会使CEO的薪酬与其公司绩效保持一致。这项研究的目的是研究健康保险公司首席执行官的总薪酬与其在美国境内公司业绩之间的关系。根据代理理论，研究问题集中于企业的股本回报率，年收入和CEO的总薪酬之间的关系，同时控制公司的规模，CEO的年龄和CEO的任期。使用了标准普尔公司的Compustat和ExecuComp的档案数据库，该样本包括2006年至2012年的117年首席执行官总年数。分层回归分析用于确定具有统计意义的预测模型，F（5，111）= 21.806，p <.01。在最终模型中，只有3个变量具有统计意义，收益记录了最高的beta值，其次是公司规模，最后是任期。积极的社会变革的意义包括确保首席执行官获得合理的总薪酬的潜力，这与健康保险公司的业绩保持一致。此外，薪酬委员会可能会利用这项研究的结果来评估健康保险行业内CEO的当前薪酬，以确保薪酬总额与公司绩效保持一致。

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  • 作者

    Moore, Gregory A.;

  • 作者单位

    Walden University.;

  • 授予单位 Walden University.;
  • 学科 Economics Finance.;Economics General.;Business Administration Management.
  • 学位 D.B.A.
  • 年度 2014
  • 页码 91 p.
  • 总页数 91
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 建筑科学;
  • 关键词

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