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dc.contributor.advisorRoberts, Helen
dc.contributor.authorJenkins, Daniel James
dc.date.available2015-06-09T21:49:34Z
dc.date.copyright2015
dc.identifier.citationJenkins, D. J. (2015). The Wages of Sin: Social Norms and CEO Compensation (Thesis, Master of Business). University of Otago. Retrieved from http://hdl.handle.net/10523/5704en
dc.identifier.urihttp://hdl.handle.net/10523/5704
dc.description.abstractThis study provides evidence of the effects of social norms on CEO compensation in regard to “Sin” stocks – specifically companies involved in alcohol, tobacco and gaming. Consistent with Sin stock CEOs commanding a higher level of pay as compensation for the negative social ramifications of their role, I find that Sin CEOs earn both a higher cash and total compensation package compared with their “Normal” CEO counterparts. In addition, Sin CEOs’ cash compensation is more sensitive to shareholder returns and return on assets. However, Sin CEOs’ cash compensation is less sensitive to negative profit when compared with CEOs of Normal companies. My research confirms that social norms do have a substantive effect on the level and pay performance sensitivity of CEO compensation.
dc.language.isoen
dc.publisherUniversity of Otago
dc.rightsAll items in OUR Archive are provided for private study and research purposes and are protected by copyright with all rights reserved unless otherwise indicated.
dc.subjectsin
dc.subjectceo
dc.subjectcompensation
dc.subjectpay
dc.subjecttobacco
dc.subjectalcohol
dc.subjectgambling
dc.subjectfinance
dc.subjectsocial norms
dc.subjectexecutive
dc.subjectpay sensitivity
dc.subjectpay performance sensitivity
dc.titleThe Wages of Sin: Social Norms and CEO Compensation
dc.typeThesis
dc.date.updated2015-06-09T05:40:29Z
dc.language.rfc3066en
thesis.degree.disciplineDepartment of Accountancy and Finance
thesis.degree.nameMaster of Business
thesis.degree.grantorUniversity of Otago
thesis.degree.levelMasters
otago.interloanno
otago.openaccessAbstract Only
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