Date of Award
8-2021
Degree Type
Doctoral Dissertation
Degree Name
Doctor of Business Administration (DBA)
Department
Jack Welch College of Business
Dissertation Supervisor
Dr. Jing (Jack) Jiang
Committee Member
Dr. Yong Wang
Committee Member
Dr. Linda Hughen
Abstract
From the Introduction:
In corporate America, most executives have multiple forms of compensation ranging from a base salary, which is fixed, to annual and multi-year bonuses, which are normally tied to some performance based metrics; to longer-term incentives such as stock options, stock grants, restricted stock units (RSUs) and other forms of equity-based compensation. Aside from a base salary within normal ranges, all other forms of compensation are normally meant to incentify an executives’ behavior to work in the best interest of the company and its shareholders. At least, that is the theory on incentive-based compensation.
It is quite common for a CEO and CFO, both of which have a direct role and impact on a firm’s financial statements and financial reports, to have multiple forms of compensation just like the forms described previously. The Economic Research Institute compiles compensation data on Russell 3000 firms and classifies executive compensation into three main classes: Base Salary, Annual Cash Incentives (bonuses), and Equity-based Compensation (including options and stock grants). I use similar classifications and subgroups of these classifications in my research and analysis.
Recommended Citation
Fagan, C. T. (2021). CFO compensation and public company audit fees: A study of relationships and influence on audit pricing. Jack Welch College of Business & Technology dissertation, Sacred Heart University, Fairfield CT. Retrieved from https://digitalcommons.sacredheart.edu/wcob_theses/20/
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Included in
Business Administration, Management, and Operations Commons, Corporate Finance Commons, Finance and Financial Management Commons
Comments
In partial fulfillment of the requirements for the degree of Doctor of Business Administration in Finance Sacred Heart University, Jack Welch College of Business and Technology, Fairfield, Connecticut.