Long term incentives for executives : pay for performance

Detalhes bibliográficos
Autor(a) principal: Simões, Catarina Matias Rodrigues
Data de Publicação: 2016
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10316/31838
Resumo: Trabalho de projeto do mestrado em Economia (Economia do Trabalho), apresentado à Faculdade de Economia da Universidade de Coimbra, sob a orientação de Paulino Teixeira.
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spelling Long term incentives for executives : pay for performanceExecutive compensationLong term incentive plansFinancial crisisPay for performanceProxy statementsTrabalho de projeto do mestrado em Economia (Economia do Trabalho), apresentado à Faculdade de Economia da Universidade de Coimbra, sob a orientação de Paulino Teixeira.Executive compensation in general, and Executive Variable Pay/Incentives in particular, have been subject to numerous discussions and analysis over the last decades. Especially after 2008-09 global financial crisis, Executives have been blamed for excessive risk-taking and “short-termism” in their decision making (i.e., pressure to produce short-term results) that led into extremely high Incentives payment (both short and long-term incentives) not connected with respective business results. In this project work I analysed how Executive Compensation, and more specifically, Long Term Incentive Plans (LTIPs), offered in a group of 10 listed companies have been evolving in the last five years towards the Pay for Performance principle, that is, alignment of LTIP payment and positive business results. LTIPs represent a significant portion of Executive Remuneration and as such the most scrutinized element in a company’s Proxy Statement (or Annual Report for companies not listed in the USA). As a result of this study, I am able to confirm that companies’ LTIPs design is increasing the focus on its alignment between Executives incentive payment and business results, specifically: over time, LTIPs’ structure present an higher weight of Performance Shares, one of LTIPs’ most prevalent metric is Total Shareholder Return (TSR) and Executives are paid mainly via variable pay which is dependent on business results.FEUC2016-07-08info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesishttp://hdl.handle.net/10316/31838http://hdl.handle.net/10316/31838porSimões, Catarina Matias Rodrigues - Long term incentives for executives : pay for performance, Coimbra, 2016.Simões, Catarina Matias Rodriguesinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-01-20T17:48:39Zoai:estudogeral.uc.pt:10316/31838Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:46:56.986221Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Long term incentives for executives : pay for performance
title Long term incentives for executives : pay for performance
spellingShingle Long term incentives for executives : pay for performance
Simões, Catarina Matias Rodrigues
Executive compensation
Long term incentive plans
Financial crisis
Pay for performance
Proxy statements
title_short Long term incentives for executives : pay for performance
title_full Long term incentives for executives : pay for performance
title_fullStr Long term incentives for executives : pay for performance
title_full_unstemmed Long term incentives for executives : pay for performance
title_sort Long term incentives for executives : pay for performance
author Simões, Catarina Matias Rodrigues
author_facet Simões, Catarina Matias Rodrigues
author_role author
dc.contributor.author.fl_str_mv Simões, Catarina Matias Rodrigues
dc.subject.por.fl_str_mv Executive compensation
Long term incentive plans
Financial crisis
Pay for performance
Proxy statements
topic Executive compensation
Long term incentive plans
Financial crisis
Pay for performance
Proxy statements
description Trabalho de projeto do mestrado em Economia (Economia do Trabalho), apresentado à Faculdade de Economia da Universidade de Coimbra, sob a orientação de Paulino Teixeira.
publishDate 2016
dc.date.none.fl_str_mv 2016-07-08
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10316/31838
http://hdl.handle.net/10316/31838
url http://hdl.handle.net/10316/31838
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv Simões, Catarina Matias Rodrigues - Long term incentives for executives : pay for performance, Coimbra, 2016.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv FEUC
publisher.none.fl_str_mv FEUC
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instacron:RCAAP
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repository.mail.fl_str_mv
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