Does lobbying of firms complement executive networks in determining executive compensation?

Article

Nandy, M., Lodh, S., Wang, J. and Kaur, J. 2021. Does lobbying of firms complement executive networks in determining executive compensation? International Journal of Finance & Economics. 26 (3), pp. 4137-4162. https://doi.org/10.1002/ijfe.2008
TypeArticle
TitleDoes lobbying of firms complement executive networks in determining executive compensation?
AuthorsNandy, M., Lodh, S., Wang, J. and Kaur, J.
Abstract

In this paper we predict and find that lobbying activities of firms can complement executive networks in determining executive compensation. Firm of all size, after considering market competition as a governance mechanism prefer to consider lobbying as a mean of networking along with the executive level networking to determine the executive compensation. The empirical implication of the study provides guidance to researchers who must consider lobbying along with executive networks in determining the executive compensation. The composite theoretical underpinning and the importance of information flow through lobbying activities of firms will be an important insight for the policy makers involved in determining executive compensation.

KeywordsEconomics and Econometrics, Accounting, Finance
PublisherWiley
JournalInternational Journal of Finance & Economics
ISSN1076-9307
Electronic1099-1158
Publication dates
Online10 Aug 2020
Print07 Jul 2021
Publication process dates
Deposited22 Jun 2020
Accepted18 Jun 2020
Output statusPublished
Accepted author manuscript
Copyright Statement

This is the peer reviewed version of the following article: Nandy, M, Lodh, S, Wang, J, Kaur, J. Does lobbying of firms complement executive networks in determining executive compensation?Int J Fin Econ. 2021; 26: 4137– 4162 which has been published in final form at https://doi.org/10.1002/ijfe.2008. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions

Digital Object Identifier (DOI)https://doi.org/10.1002/ijfe.2008
LanguageEnglish
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