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Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX

Research output: Journal contributions › Journal articles › Research › peer-review

Standard

Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX. / Velte, Patrick.
In: Journal of Managerial Issues, Vol. 33, No. 1, 2021, p. 27-48.

Research output: Journal contributions › Journal articles › Research › peer-review

Harvard

Velte, P 2021, 'Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX', Journal of Managerial Issues, vol. 33, no. 1, pp. 27-48.

APA

Velte, P. (2021). Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX. Journal of Managerial Issues, 33(1), 27-48.

Vancouver

Velte P. Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX. Journal of Managerial Issues. 2021;33(1):27-48.

Bibtex

@article{24b5db28fb54472095e02fe971dec7da,
title = "Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX",
abstract = "This study focuses on the relationship between board effectiveness andmanagement compensation reporting. Specifically, the effect of overlappingmemberships in audit and compensation committees (OMAC) on the readabilityof management compensation reports (MCR) is analyzed. Using archival datafrom firms listed on the German HDAX between 2014 and 2018 (329 firm-yearobservations) and the Flesch Reading Ease index, regression analysis shows apositive significant effect of OMAC on MCR. Similar statistical results are foundin a robustness check, which refers to an alternative readability score (theGunning Fog index). Several corporate governance and firm characteristics areincluded as control variables, and fixed-effects panel regressions are used. Thisstudy provides empirical support for the agency-theoretical assumption thatboard effectiveness and knowledge spillovers decrease conflicts of interest andinformation asymmetry between boards of directors and shareholders.",
keywords = "Management studies, audit committee, compensation committee, management compensation reporting, overlapping membership, corporate goverannce",
author = "Patrick Velte",
year = "2021",
language = "English",
volume = "33",
pages = "27--48",
journal = "Journal of Managerial Issues",
issn = "1045-3695",
publisher = "Pittsburg State University ",
number = "1",

}

RIS

TY - JOUR

T1 - Effect of overlapping audit and compensation committee memberships on the readability of management compensation reports in the German HDAX

AU - Velte, Patrick

PY - 2021

Y1 - 2021

N2 - This study focuses on the relationship between board effectiveness andmanagement compensation reporting. Specifically, the effect of overlappingmemberships in audit and compensation committees (OMAC) on the readabilityof management compensation reports (MCR) is analyzed. Using archival datafrom firms listed on the German HDAX between 2014 and 2018 (329 firm-yearobservations) and the Flesch Reading Ease index, regression analysis shows apositive significant effect of OMAC on MCR. Similar statistical results are foundin a robustness check, which refers to an alternative readability score (theGunning Fog index). Several corporate governance and firm characteristics areincluded as control variables, and fixed-effects panel regressions are used. Thisstudy provides empirical support for the agency-theoretical assumption thatboard effectiveness and knowledge spillovers decrease conflicts of interest andinformation asymmetry between boards of directors and shareholders.

AB - This study focuses on the relationship between board effectiveness andmanagement compensation reporting. Specifically, the effect of overlappingmemberships in audit and compensation committees (OMAC) on the readabilityof management compensation reports (MCR) is analyzed. Using archival datafrom firms listed on the German HDAX between 2014 and 2018 (329 firm-yearobservations) and the Flesch Reading Ease index, regression analysis shows apositive significant effect of OMAC on MCR. Similar statistical results are foundin a robustness check, which refers to an alternative readability score (theGunning Fog index). Several corporate governance and firm characteristics areincluded as control variables, and fixed-effects panel regressions are used. Thisstudy provides empirical support for the agency-theoretical assumption thatboard effectiveness and knowledge spillovers decrease conflicts of interest andinformation asymmetry between boards of directors and shareholders.

KW - Management studies

KW - audit committee

KW - compensation committee

KW - management compensation reporting

KW - overlapping membership

KW - corporate goverannce

UR - https://www.pittstate.edu/business/journals/journal-of-managerial-issues.html#undefined11

UR - https://www.pittstate.edu/business/_files/documents/jmi/jmi-text-spring-2021-web.pdf

M3 - Journal articles

VL - 33

SP - 27

EP - 48

JO - Journal of Managerial Issues

JF - Journal of Managerial Issues

SN - 1045-3695

IS - 1

ER -

Other publications by the same author(s)

Anhang zu § 10: Nachhaltigkeitsberichterstattung

Velte, P. & Wulf, I., 2025, (E-pub ahead of print) Lieferkettensorgfaltspflichtengesetz. : Kommentar. Schall, A. & Theusinger, I. (eds.). 2 ed. De Gruyter Oldenbourg

Research output: Contributions to collected editions/works › Contributions to collected editions/anthologies › Research

Audit quality and materiality disclosure quality in integrated reporting: The moderating effect of carbon assurance quality

Velte, P., 05.2025, In: Corporate Social Responsibility and Environmental Management. 32, 3, p. 3785-3801 17 p.

Research output: Journal contributions › Journal articles › Research › peer-review

Bedeutungszunahme von internen Kontroll- und Risikomanagementsystemen: Normative Bestandsaufnahme und kritische Würdigung zu den Implementierungs-, Überwachungs-, Prüfungs- und Berichterstattungspflichten.

Velte, P., 2025, In: Zeitschrift für Corporate Governance (ZCG). 20, 3, p. 121-128 8 p.

Research output: Journal contributions › Journal articles › Research › peer-review

Board gender diversity and corporate social responsibility. A literature review on critical mass theory and research recommendations

Velte, P., 2025, In: Sustainable Development. 16 p.

Research output: Journal contributions › Journal articles › Research › peer-review

Corporate Governance im Rahmen der ESRS-Nachhaltigkeitsberichterstattung: Erfahrungen aus 2024 und Anregungen für 2025

Arbeitskreis Corporate Governance Reporting der Schmalenbach-Gesellschaft für Betriebswirtschaft e.V. & Velte, P., 2025, In: Der Betrieb. 78, 31, p. 1841-1846 6 p., 31.

Research output: Journal contributions › Journal articles › Transfer

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