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The Impact of Family-owners Trust on Non-family CEOs Compensation in Korean Large Business Groups
DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | 박철순 | - |
dc.contributor.author | 윤미연 | - |
dc.date.accessioned | 2017-07-14T05:16:30Z | - |
dc.date.available | 2017-07-14T05:16:30Z | - |
dc.date.issued | 2015-08 | - |
dc.identifier.other | 000000056805 | - |
dc.identifier.uri | https://hdl.handle.net/10371/124600 | - |
dc.description | 학위논문 (석사)-- 서울대학교 대학원 : 경영학과 경영학전공, 2015. 8. 박철순. | - |
dc.description.abstract | From an integrated agency theory-trust perspective, this study investigated how a family owners trust toward non-family executives influences their compensation in family-controlled firms. In this study, we differentiate two forms of trust, cognitive-based and affect-based trust, and hypothesize that the incidence of managerial opportunism may vary depending on distinct foundations of trust. Specifically, we argue that cognition-based trust is positively correlated with non-family CEOs compensation, while the affect-based trust is negatively related to non-family CEOs pay. Using 2013 compensation data of 94 non-family CEOs in 75 family-controlled firms in Korea, our hypotheses are supported. Agency theory may be improved by incorporating a principals trust toward an agent and the effect of this trust on contracts with an agent. | - |
dc.description.tableofcontents | Table of Contents
INTRODUCTION 1 LITERATURE REVIEW 6 Agency Theory 6 Stewardship Theory 8 Trust Theory 9 HYPOTHESES DEVELOPMENT 16 Cognition-based Trust and Non-family CEO Compensation 17 Affect-based Trust and Non-family CEO Compensation 18 Theoretical Model Outlining the Role of Trust in Non-family CEO Compensation 20 METHODS 20 Sample Selection and Data Sources 20 Measures 22 Definitions of Variables 25RESULTS 29 Descriptive Statistics and Correlation Matrix 29 Effect of Family-owners Trust on Non-family CEOs Compensation 32 Effect of Cognition-based Trust on Non-family CEOs Compensation 33 Effect of Affect-Based Trust on Non-family CEOs Compensation 36DISCUSSION AND CONCLUSIONS 37REFERENCES 41ABSTRACT (in Korean) 48 | - |
dc.format | application/pdf | - |
dc.format.extent | 1143232 bytes | - |
dc.format.medium | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | 서울대학교 대학원 | - |
dc.subject | Affect-and cognition-based trust | - |
dc.subject | executive compensation | - |
dc.subject | family business groups | - |
dc.subject | chaebols | - |
dc.subject.ddc | 658 | - |
dc.title | The Impact of Family-owners Trust on Non-family CEOs Compensation in Korean Large Business Groups | - |
dc.type | Thesis | - |
dc.contributor.AlternativeAuthor | YIN MEIYAN | - |
dc.description.degree | Master | - |
dc.citation.pages | 1,48 | - |
dc.contributor.affiliation | 경영대학 경영학과 | - |
dc.date.awarded | 2015-08 | - |
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