What is it about?
The study talks about whether board composition impacts the capital structure of Indian companies. It also discusses whether board composition impacts the executive compensation. The results show that capital structure fully mediates the relationship between board composition and executive compensation. The study uses panel data of top 1,000 companies for 10 years to draw meaningful relations.
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Why is it important?
The study will help the companies to understand the impact of board composition on capital structure so that boards can be designed accordingly. It also offer useful insights on how it impacts the executive compensation.
Perspectives
There are debates going on "Executive Compensation" and there is no consensus as to what should be the ideal "Executive Compensation". This article provides evidence to this strand by offering the relationship between board composition and executive compensation that is fully mediated by capital structure.
Dr Arti Chandani
Jaipuria Institute of Management
Read the Original
This page is a summary of: Board composition, executive compensation, and capital structure: panel evidence from India, International Journal of Disclosure and Governance, June 2025, Springer Science + Business Media,
DOI: 10.1057/s41310-025-00308-0.
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