Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/80846
PIRA download icon_1.1View/Download Full Text
DC FieldValueLanguage
dc.contributorSchool of Hotel and Tourism Managementen_US
dc.creatorMun, SGen_US
dc.creatorPaek, Sen_US
dc.creatorWoo, Len_US
dc.creatorPark, Sen_US
dc.date.accessioned2019-06-21T08:51:27Z-
dc.date.available2019-06-21T08:51:27Z-
dc.identifier.issn0278-4319en_US
dc.identifier.urihttp://hdl.handle.net/10397/80846-
dc.language.isoenen_US
dc.publisherPergamon Pressen_US
dc.rights© 2019 Elsevier Ltd. All rights reserved.en_US
dc.rights© 2019. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/.en_US
dc.rightsThe following publication Mun, S. G., Paek, S., Woo, L., & Park, S. (2019). Is board of director compensation excessive in restaurant firms? International Journal of Hospitality Management, 82, 149-158 is available at https://dx.doi.org/10.1016/j.ijhm.2019.04.014.en_US
dc.subjectBoard of director compensationen_US
dc.subjectOvercompensationen_US
dc.subjectUnder-compensationen_US
dc.subjectResource dependence theoryen_US
dc.subjectAgency theoryen_US
dc.subjectRestaurant firmsen_US
dc.titleIs board of director compensation excessive in restaurant firms?en_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage149en_US
dc.identifier.epage158en_US
dc.identifier.volume82en_US
dc.identifier.doi10.1016/j.ijhm.2019.04.014en_US
dcterms.abstractThis study confirms that a firm’s size in the previous year significantly increases board of director compensation in the current year, while the number of directors and the firm’s capital expenditure significantly decrease it. On average, 31.2% of restaurant firms overcompensate their board of directors, while 33.8% pay less than the expected amount of compensation to their board of directors. However, contrary to public concern, this study argues that the amounts of over- and under-compensation are negligible in proportion to the directors’ total compensation, and thus the issue of over- and under-compensation may not pose a serious problem in the restaurant industry. In particular, the amount of overcompensation has a positive effect on firm growth and capital investment, but does not substantially decrease firms’ operational and financial performance. The amount of overcompensation can even have a positive influence on financial performance, although the effect is not statistically significant.en_US
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationInternational journal of hospitality management, Sept. 2019, v. 82, p. 149-158en_US
dcterms.isPartOfInternational journal of hospitality managementen_US
dcterms.issued2019-09-
dc.identifier.eissn1873-4693en_US
dc.description.validate201906 bcrcen_US
dc.description.oaAccepted Manuscripten_US
dc.identifier.FolderNumbera0316-n01, a0667-n07-
dc.identifier.SubFormID853-
dc.description.fundingSourceSelf-fundeden_US
dc.description.pubStatusPublisheden_US
Appears in Collections:Journal/Magazine Article
Files in This Item:
File Description SizeFormat 
Mun_Compensation_Excessive_Restaurant.pdfPre-Published version1.28 MBAdobe PDFView/Open
Open Access Information
Status open access
File Version Final Accepted Manuscript
Access
View full-text via PolyU eLinks SFX Query
Show simple item record

Page views

110
Last Week
0
Last month
Citations as of Sep 24, 2023

Downloads

7
Citations as of Sep 24, 2023

SCOPUSTM   
Citations

3
Citations as of Sep 21, 2023

WEB OF SCIENCETM
Citations

2
Citations as of Sep 21, 2023

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.