Ownership structure and compensation of executives

Viviane Theiss, Ilse Maria Beuren

Abstract


The study aimed to verify the relationship of ownership structure with the compensation of executives of companies listed on the BM&FBovespa. Descriptive research with quantitative approach was conducted from desk research on a sample of 172 companies which showed the necessary data for this study. Data collection was carried out in the Reference Form, both relating for executive compensation as the ownership structure. The results of the list of rights on the cash flows and excess control rights to the compensation of executives revealed that only excess control rights had negative relation to executive compensation. Thus, it is concluded that there is a negative relationship between ownership structure and the remuneration of executives of listed companies in Brazil, which indicates the more concentrated is the smallest property is executive compensation.




DOI: https://doi.org/10.5902/1983465913062


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Revista de Administração da UFSM. Brazilian Journal of Management

Universidade Federal de Santa Maria, Santa Maria, Rio Grande do Sul, Brasil, eISSN 1983-4659