1.5 Structure of the dissertationTh

1.5 Structure of the dissertation
The structure of the dissertation is related to the research process. The structure of the thesis is
visualized in Figure 1. The second part of the dissertation provides an in-depth literature
review of both executive and director compensation from key determinants to pay-setting
processes, which are remarkably similar. The major streams of compensation literature are
reviewed, and the concept of the agency theory and performance based compensation to
mitigate agency problem is introduced. Other concepts, such as stakeholder theory, are
studied to complement this. Since corporate governance has a significant role in executive
compensation and because directors participate in the internal governance, both corporate
governance and the new regulations due to the financial crisis are reviewed. The conceptual
framework captures the aspects from the theories, the pay determinants from the literature and
the notion of pay fairness towards stakeholders. Based on this, the hypotheses are formulated
at the end of the section.

ผลลัพธ์ (อังกฤษ) 2:

1.5 Structure of the Dissertation
The Dissertation is related to the structure of the Research Process. The structure of the Thesis is
visualized in Figure 1. The Second Part of the Dissertation provides an in-depth literature
review of both Executive and Director Compensation from Key determinants to pay-Setting
processes, which are remarkably similar. Compensation of the Major Streams literature are
reviewed, and the Concept of the Agency Theory and Performance based Compensation to
mitigate Agency Problem is introduced. Other Concepts, such as stakeholder Theory, are
studied to complement this. Corporate Governance has a significant role since in Executive
Compensation and because the Directors participate in internal Governance, both Corporate
Governance and the New regulations Due to the Financial Crisis are reviewed. The conceptual
aspects from the Framework Captures the theories, the pay determinants from the literature and
the notion of pay fairness towards stakeholders. Based on this, the hypotheses are formulated
at the End of the section.