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HEC-Ecole de gestion de l'Université de Liège
MASTER THESIS

Managerial Talent as a Determinant of CEO compensation in Belgium

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Mekongo, Jacqueline Audrey ULiège
Promotor(s) : Dumont, Morgane ULiège
Date of defense : 15-Jan-2025/24-Jan-2025 • Permalink : http://hdl.handle.net/2268.2/22443
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Title : Managerial Talent as a Determinant of CEO compensation in Belgium
Author : Mekongo, Jacqueline Audrey ULiège
Date of defense  : 15-Jan-2025/24-Jan-2025
Advisor(s) : Dumont, Morgane ULiège
Committee's member(s) : Torsin, Wouter ULiège
Language : English
Number of pages : 36
Discipline(s) : Business & economic sciences > Accounting & auditing
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] This thesis analyses the determinants of CEO compensation in the Belgian context, more precisely with regards to the BEL20 companies. To do so, a data envelopment analysis was performed to determine the managerial score of each CEO, after which a regression analysis was conducted to evaluate the relationship between the managerial score and CEO compensation.
Our findings suggest that CEOs with high managerial scores are often associated with higher compensations implying that firms value managerial ability when setting the CEO's pay. This is moderated by the size of the firm and the ownership structure. More precisely, bigger firms with a high ownership concentration are associated to higher CEO compensation packages.


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Author

  • Mekongo, Jacqueline Audrey ULiège Université de Liège > Master sc. gest., fin. spéc. fin. analysis & audit

Promotor(s)

Committee's member(s)

  • Torsin, Wouter ULiège Université de Liège - ULiège > HEC Liège : UER > UER Finance et Droit : Financial Reporting and Audit
    ORBi View his publications on ORBi








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