haku: @indexterm directors / yhteensä: 187
viite: 103 / 187
| Tekijä: | Watson, R. |
| Otsikko: | Modeling directors' remuneration decisions in small and closely-held UK companies |
| Lehti: | Journal of Business Finance and Accounting
1991 : JAN, VOL. 18:1, p.85-98 |
| Asiasana: | DIRECTORS EXECUTIVE REMUNERATION UNITED KINGDOM COMPANIES INCOME TAX |
| Kieli: | eng |
| Tiivistelmä: | It is investigated whether decisions by directors of small and "closely-held" UK companies regarding their own remuneration levels may be - and to what extent - modelled in terms of changes in taxable profits. Three models are empirically tested on a cross-section of 256 UK companies over the period 1975-6 to 1980-1. It is shown that the models are able to explain a large proportion of the cross-sectional variance in directors' remuneration. These results are consistent with the suggestion that the directors of close companies attempt to vary remuneration levels in order to minimise their total (personal and corporate) tax liability. |
SCIMA