Ali Hamidizadeh; Jabar Babashahi; , Maryam Kanafchian
Abstract
This study examines the effect of incentive-based compensation schemes on managerial performance by clarifying the role of information asymmetry and organizational commitment as mediator. The research method in terms of purpose is among the descriptive and survey research data collection tool is questionnaire. ...
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This study examines the effect of incentive-based compensation schemes on managerial performance by clarifying the role of information asymmetry and organizational commitment as mediator. The research method in terms of purpose is among the descriptive and survey research data collection tool is questionnaire. The population of the study area was East Bank Saderat Gilan province. 183 people are selected with cluster way as sampling. Data is analyzed using structural equation modeling. The results suggest a positive effect of incentive - based compensation variable on managerial performance. The results also showed the positive effect of incentive - based compensation variable on managerial performance with considering the moderating role of organizational commitment. The results also reflect the negative impact of incentive- based compensation on information asymmetry as well as information asymmetry on the managerial performance.
hossein rahmanseresht; nader mazloomi
Volume 12, Issue 47 , November 2005, , Pages 135-160
Abstract
Past studies suggest that the structure and composition of
ownership affect a firm's goals, strategy and I or performance. Most of ...
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Past studies suggest that the structure and composition of
ownership affect a firm's goals, strategy and I or performance. Most of these studies, rely mainly on cross sectional, multivariate analysis, that tend to reduce the complexity of the corporate ownership concentration, ignoring, interaction amongst different forms of ownership, and their effect on firm strategy and I or performance. Focusing on the role of institutional owners, this study poses the following question: (1) What is the relationship between institutional investors shareholding and firm performance? (2) Does the size of shareholding by other groups of stockholders, modify this relationship? And ,does corporate governance of a firm and its ownership structure perse, describe differences in performance of the firms. The data sample is based on 131 non-financial companies listed in the stock exchange of Tehran. Data were collected for a 5 year period (1996-2000). Results from Anova, component analysis and multivariate analysis indicate that, the size of outside institutional stockholding have significant effect is greater for smaller firms. Further investigation, shows that other groups of stock holders do not supplement the relationship between institutional shareholding and firm performance Findings also suggest that the ownership structure and governance of the firm can partly define the variation in firm performance.