CEOs compensation in the hospitality industry : A comparative study

Bianchi, Giuliano ( Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland)

This paper empirically analyzes CEOs’ compensati on in the hospitality industry providing stylized facts regardi ng CEOs pay. The paper also addresses the principal - agent problem and it provides new evidence of the various forms of c ompensation ’s effects on companies’ performances . Finally, it compares the results with other industries. The results suggest that CEO s’ compensation in the hospitality sector differ s in magnitude and composition from other industries. The empirical analysis also reveals that there is a positive and significant link between cash - based incentives and performance s . I argue that a positive co rrelation between cash - based compensation and performance does not imply a pos itive causality . I also found evidence that stock options affect negatively firms’ performances in all industries


Conference Type:
full paper
Faculty:
Economie et Services
School:
EHL
Subject(s):
Economie/gestion
Publisher:
Manchester, United Kingdom , 20-22 May 2015
Date:
Manchester, United Kingdom
20-22 May 2015
2015
Pagination:
13 p.
Published in:
Proceedings of the Council for Hospitality Management Education (CHME) Annual Research Conference 2015
Appears in Collection:

Note: The status of this file is: restricted


 Record created 2015-10-08, last modified 2019-06-11

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