UK Government - Department for Business, Energy & Industrial Strategy
Year of Publication:
BEIS Research Paper No. 2019/11
This research investigates any connections between executive pay incentives and share buybacks, and between share buybacks and investment levels. It expands the existing evidence base with UK-specific data using econometric, case study and survey techniques. The report will be followed by research into the potential for a direct link (rather than through the use of buybacks) between the existence of executive pay targets and investment levels in companies. The research will investigate the extent to which pay incentives and performance targets can result in short-termist executive decision-making.