Chaur-Shiuh Young
Country: Taiwan, Province of China
Affiliation: Professor, Department of Accountancy and Graduate Institute of Finance and Banking, National Cheng Kung University
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The relationship between compensation committee quality and the voluntary adoption of clawback provisions
Hui-Wen Hsu
,
Liu-Ching Tsai ,
Chaur-Shiuh Young ,
Chia-Hui Chen
doi: http://dx.doi.org/10.21511/imfi.15(4).2018.28
Investment Management and Financial Innovations Volume 15, 2018 Issue #4 pp. 345-355
Views: 824 Downloads: 143 TO CITE АНОТАЦІЯThis paper examines how compensation committee quality is related to the voluntary adoption of clawback provisions. Because fair value information has some reliability issues, this paper further examines whether the amount of Level 3 fair values affect the relationship between compensation committee quality and the voluntary adoption of clawback provisions. Using a sample drawn from the U.S. firms from 2008 to 2015, the results show that the compensation committee quality is positively related to the voluntary adoption of clawback provisions. Additionally, the positive relationship between compensation committee quality and the voluntary adoption of clawback provisions is more pronounced for firms with higher Level 3 fair values.
