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Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin

This paper studies the effects of the performance-based compensation system and the Age-Wage structure which pays lower (higher) compensation than the industry average during employees’ early (later) service periods. Previous studies show that both compensation systems have positive effects on firm...

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Main Authors: Byun, Dong Heon, Kim, Jinbae
Format: Article
Language:English
Published: Accounting Research Institute, Faculty of Accountancy & UiTM Press 2007
Online Access:https://ir.uitm.edu.my/id/eprint/172/1/172.pdf
https://ir.uitm.edu.my/id/eprint/172/
https://apmaj.uitm.edu.my/
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spelling my.uitm.ir.1722022-07-04T02:54:29Z https://ir.uitm.edu.my/id/eprint/172/ Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin Byun, Dong Heon Kim, Jinbae This paper studies the effects of the performance-based compensation system and the Age-Wage structure which pays lower (higher) compensation than the industry average during employees’ early (later) service periods. Previous studies show that both compensation systems have positive effects on firm value. The paper extends the results and shows the effects of the compensation systems on major factors of firm value. Empirical results using employee-wage data of Korean firms show that the Age-Wage structure contributes to firm value through the enhancement of ROA, cost reduction and an improvement in labor productivity, and the performance-based compensation system does so through sales growth Accounting Research Institute, Faculty of Accountancy & UiTM Press 2007-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/172/1/172.pdf Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin. (2007) Asia-Pacific Management Accounting Journal (APMAJ), 2 (1). pp. 35-51. ISSN 1675-3194 https://apmaj.uitm.edu.my/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
description This paper studies the effects of the performance-based compensation system and the Age-Wage structure which pays lower (higher) compensation than the industry average during employees’ early (later) service periods. Previous studies show that both compensation systems have positive effects on firm value. The paper extends the results and shows the effects of the compensation systems on major factors of firm value. Empirical results using employee-wage data of Korean firms show that the Age-Wage structure contributes to firm value through the enhancement of ROA, cost reduction and an improvement in labor productivity, and the performance-based compensation system does so through sales growth
format Article
author Byun, Dong Heon
Kim, Jinbae
spellingShingle Byun, Dong Heon
Kim, Jinbae
Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin
author_facet Byun, Dong Heon
Kim, Jinbae
author_sort Byun, Dong Heon
title Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin
title_short Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin
title_full Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin
title_fullStr Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin
title_full_unstemmed Compensation structures and firm value / Dong Heon Byun, Jinbae Kim, and Joon Yong Shin
title_sort compensation structures and firm value / dong heon byun, jinbae kim, and joon yong shin
publisher Accounting Research Institute, Faculty of Accountancy & UiTM Press
publishDate 2007
url https://ir.uitm.edu.my/id/eprint/172/1/172.pdf
https://ir.uitm.edu.my/id/eprint/172/
https://apmaj.uitm.edu.my/
_version_ 1738513835424219136
score 13.211869

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