Executive Remuneration, Board Structure, Corporate Strategy and Firm Performance: A Taste of the Literature
Melbourne Institute Working Paper No. 22/97
Date: October 1997
The focus of this paper is the relationship between executive remuneration, board structure, institutional shareholders and the performance of Australian companies. The paper presents a preliminary survey of the economic literature related to these areas, and then outlines a plan for a research project. The project will investigate the effect on the performance of Australian firms of the nature and generosity of firms' executive remuneration schemes, the structure of firms' board of directors and the influence of substantial institutional shareholders. The project is part of a broader research agenda at the Melbourne Institute that concerns the factors that determine Australia's economic performance. As a stimulus to research into corporate strategy and firm performance, the paper includes an extended research bibliography.