Midlands State University Library
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The monitoring role of media on executive compensation/ Hong Luo

By: Contributor(s): Material type: TextTextSeries: ; Volume , number ,Taylor and Francis: Oxon, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 2169-7221
Subject(s): Online resources: Summary: This paper investigates the monitoring role of media on executive compensation. Using data on media coverage from 2007 to 2009, we find that the media can serve as an effective external monitoring mechanism on executive compensation by affecting executive reputation. Specifically, negative media coverage and government intervention on media can enhance the monitoring role of media. We also find that the monitoring role of media and the market reaction to media coverage are stronger for non-state-owned corporations. Although the monitoring role of media is not different between monopolistic and non-monopolistic industries, the market reaction to media coverage is stronger for companies in non-monopolistic industries. We also find that there is less coverage on monopolistic and state-owned companies.
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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library Journal Article HF5601 CHI (Browse shelf(Opens below)) Vol 1, No 2 pages 114-138 SP17844 Not for loan For In-house only

This paper investigates the monitoring role of media on executive compensation. Using data on media coverage from 2007 to 2009, we find that the media can serve as an effective external monitoring mechanism on executive compensation by affecting executive reputation. Specifically, negative media coverage and government intervention on media can enhance the monitoring role of media. We also find that the monitoring role of media and the market reaction to media coverage are stronger for non-state-owned corporations. Although the monitoring role of media is not different between monopolistic and non-monopolistic industries, the market reaction to media coverage is stronger for companies in non-monopolistic industries. We also find that there is less coverage on monopolistic and state-owned companies.

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