Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324015 
Year of Publication: 
2016
Citation: 
[Journal:] Journal of Emerging Market Finance [ISSN:] 0973-0710 [Volume:] 15 [Issue:] 2 [Publisher:] Sage [Place:] Thousand Oaks, CA [Year:] 2016 [Pages:] 191-224
Publisher: 
Sage, Thousand Oaks, CA
Abstract: 
In countries with weak institutions, board governance becomes more important. This study uses a unique dataset from listed sub-Saharan African companies to examine the relationship between ownership composition and board compensation. It further analyses the association between board compensation and company performance. The findings indicate that board ownership and chief executive officer ownership are positively associated, whereas state ownership and concentrated ownership are negatively associated with board compensation. There is no evidence of a significant association between chairperson ownership or foreign ownership and board compensation. Finally, there is a negative but not significant relationship between board compensation and company performance.
JEL: 
G32
G34
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
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