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Author:Ingham, H.
Thompson, S.
Title:Executive compensation and deregulation in UK building societies
Journal:Accounting and Business Research
1993 : VOL. 23:91A, p. 373-383
Index terms:UNITED KINGDOM
COMPENSATION
DEREGULATION
Language:eng
Abstract:The authors examine executive compensation in UK building societies in two differing regulatory regimes: (a) in a weakly competitive environment, and (b) in conditions of increased competition. The results show that the change in regulation did affect the manner in which CEOs in building societies were remunerated. In particular, when there is little external competition, profitability does not positively influence compensation. However, when this external competition increases, improvements in profitability lead to subsequent increases in CEO remuneration.
SCIMA record nr: 108514
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