A systematic literature review on transparency in executive remuneration disclosures and their determinants

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dc.contributor.authorSiwendu, Tando O.
dc.contributor.authorAmbe, Cosmas M.
dc.date.accessioned2024-11-06T14:40:37Z
dc.date.available2024-11-06T14:40:37Z
dc.date.issued2024
dc.description.abstractThere are ongoing debates globally regarding excessive executive compensation, the perceived weak link between pay and performance, and the widening inequality gap. The South African corporate governance code King IV’s Principle 14 addresses the need for fair, responsible, and transparent remuneration. At the same time, the newly enacted Companies Amendment Act No. 16 of 2024 in South Africa emphasizes transparency in compensation, shareholder voting, and responding to shareholder feedback. This study conducts a systematic literature review of 30 articles on the transparency of executive remuneration disclosures and their determinants by analyzing Scopus-indexed articles published between 2010 and 2023, selected through specific keyword searches. The findings suggest an increasing focus on research regarding the disclosure of executive compensation, predominantly conducted in the Global North and primarily framed through agency theory. Studies exploring the factors influencing executive remuneration and the relationship between pay and performance are prevalent, with mixed results generally indicating a positive connection. Firm size emerges as a key factor in transparency, and many studies employ binary scoring to evaluate whether executive compensation disclosure is present. This paper provides valuable insights for investors, analysts, and policymakers and adds to the current understanding of executive remuneration transparency.
dc.description.versionPublisher's version
dc.identifier.citationSiwendu, T. O., & Ambe, C. M. (2024). A systematic literature review on transparency in executive remuneration disclosures and their determinants. Journal of Risk and Financial Management, 17(10), 466. https://doi.org/10.3390/jrfm17100466
dc.identifier.issn1911-8066 (print)
dc.identifier.issn1911-8074 (online)
dc.identifier.urihttps://doi.org/10.3390/jrfm17100466
dc.identifier.urihttp://hdl.handle.net/11660/12811
dc.language.isoen
dc.publisherMDPI
dc.rights.holderAuthor(s)
dc.rights.licensehttps://www.mdpi.com/openaccess
dc.sourceJournal of Risk and Financial Management
dc.subjectDeterminants
dc.subjectDisclosure
dc.subjectExecutive remuneration
dc.subjectSystematic literature review
dc.subjectTransparency
dc.titleA systematic literature review on transparency in executive remuneration disclosures and their determinants
dc.typeArticle
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