ÿþ<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01//EN'> <html><head><title>Title Page</title><meta http-equiv='Content-Type' content='text/html; charset=iso-8859-1'><style type='text/css'>h1 { margin:0px 0px 0px 0px; padding:0px; font-size:large; font-weight:900; font-family:verdana, arial, helvetica, sans-serif; text-align:center; color:#000; }h2 { font-size:medium; font-weight:900; font-family:verdana, arial, helvetica, sans-serif; margin:10px 0px -2px 0px; padding:0px; color:#000; }h2.myclass { font-size:medium; font-weight:900; font-family:verdana, arial, helvetica, sans-serif; margin:10px 0px -2px 0px; padding:0px; color:#000; text-align:center;}h3 { font-size:13px; font-weight:700; font-family:verdana, arial, helvetica, sans-serif; margin:0px 0px -1px 0px; padding:0px; color:#07a; }h3.myclass { font-size:13px; font-weight:700; font-family:verdana, arial, helvetica, sans-serif; margin:0px 0px -1px 0px; padding:0px; color:#07a; text-align:center;}h4 { font-size:x-large; font-family:garamond, serif; color:#09f; text-align:center; margin:0px 0px 5px 0px; padding:0px;}h5 { font-size:13px; font-family:verdana, arial,sans-serif; font-weight:600; margin:0px 0px 5px 50px; padding:0px;}i.myclass{color:#07a;}</style></head><body> <H1> Corporate Governance and Economic Performance, 1997-1998 </H1> <H3 class='myclass'> UKDA study number:4399</h3> <H2 class='myclass'>Principal Investigators </H2> <H3 class='myclass'> Sadler, G.<br>Conyon, M.<br>University of Warwick. Warwick Business School<br> </H3> <H2 class='myclass'>Sponsor</H2> <H3 class='myclass'>Economic and Social Research Council<br></H3> <H2 class='myclass'>Distributed by</H2> <H3 class='myclass'>UK Data Archive, University of Essex, Colchester.</H3> <H3 class='myclass'> December 2001 </H3> <div style='page-break-before:always'></div> <H1>&nbsp;</H1><H1>Bibliographic Citation</H1> <H5> All works which use or refer to these materials should acknowledge these sources by means of bibliographic citation. To ensure that such source attributions are captured for bibliographic indexes, citations must appear in footnotes or in the reference section of publications. The bibliographic citation for this data collection is: </h5> <H5> Sadler, G. and Conyon, M., <i> Corporate Governance and Economic Performance, 1997-1998</i> [computer file]. Colchester, Essex: UK Data Archive [distributor], December 2001. SN: 4399, http://dx.doi.org/10.5255/UKDA-SN-4399-1 </h5><H1>&nbsp;</H1> <H1 >Acknowledgement</h1> <h5> Any publication, whether printed, electronic or broadcast, based wholly or in part on these materials, should acknowledge the original data creators, depositors or copyright holders, the funders of the Data Collections (if different) and the UK Data Archive, and to acknowledge Crown Copyright where appropriate. <br> Any publication, whether printed, electronic or broadcast, based wholly or in part on these materials should carry a statement that the original data creators, depositors or copyright holders, the funders of the Data Collections (if different) and the UK Data Archive bear no responsibility for their further analysis or interpretation. </h5><H5>&nbsp;</H5> <H1>Disclaimer</H1> <h5> Although all efforts are made to ensure the quality of the materials, neither the original data creators, depositors or copyright holders, the funders of the Data Collections, nor the UK Data Archive bear any responsibility for the accuracy or comprehensiveness of these materials.<br> </h5><h5>&nbsp;</h5><h5>All rights reserved. No part of these materials may be reproduced, stored in, or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of the UK Data Archive.<br><br>UK Data Archive<br> University of Essex<br> Wivenhoe Park<br> Colchester<br> Essex C04 3SQ<br> United Kingdom<br>www.data-archive.ac.uk <br><br> </h5> <h2 style='page-break-before:always'> 4399 . Corporate Governance and Economic Performance, 1997-1998<br> </h2><h3>&nbsp;</h3> <h3>Depositor:</h3> <h5>Sadler, G. , University of Warwick. Warwick Business School</h5> <h3>Principal Investigators:</h3> <h5>Sadler, G. , University of Warwick. Warwick Business School</h5> <h5>Conyon, M. , University of Warwick. Warwick Business School</h5> <H3>Sponsor:</H3><H5> Economic and Social Research Council<br> <i class='myclass'> Grant Number:</i> R000237246 </H5> <h3> Abstract: </h3> <h5>The main aims of the project were to:<ul><li>examine the nature of corporate governance innovations that have occurred in UK companies since the publication of the Cadbury and Greenbury reports </li><li>test the company performance consequences of adopting particular governance systems, reward structures and incentive mechanisms</li><li>examine in detail the reward systems of senior managers and test the link between compensation and performance using competing theories of executive pay (e.g. tournament theory).</li></ul></h5><h3>Main Topics:</h3><h5>File 1: Chief Executive Officer (CEO) compensation data (file ceo-compensation-data). This file contains detailed compensation data for 510 CEOs at the 510 largest UK companies for the fiscal year 1997-1998. The data includes each element of compensation, as well as information on stock options and equity (including restricted or conditional) holdings. Users should note that the following variables have been removed from the data for copyright reasons: MV, Employees, Total_CE, Sales, Sales_Q and Int_Rate. They may still be referenced in the documentation.<br> <br> File 2: Tournaments data (file tournaments-data). This file contains detailed compensation data for all the named directors (over 1000) at 100 of the UK's largest companies for the fiscal year 1997-1998. The following variables have been removed from the data for copyright reasons: Int_Rate, ROCE and Total_CE. They may still be referenced in the documentation.<br> <br> The data for both files are mostly compiled from publicly-available annual reports, and include each element of compensation, as well as information on stock options and equity (including restricted or conditional) holdings. Data are also augmented with additional firm level variables such as size and industry as well as the variables necessary to price executive options using the Black-Scholes formula.<br></h5> <h3>Coverage: </h3><h5> <i class='myclass'> Time Period Covered:</i> 1997 - 1998 <br><i class='myclass'>Country: </i> United Kingdom <br><i class='myclass'>Spatial Units: </i> Not applicable <br><i class='myclass'>Observation Units: </i> Institutions/organisations <br><i class='myclass'>Kind of Data: </i> Numeric data; Individual (micro) level; individual companies </h5> <h3>Universe Sampled: </h3><h5> <i class='myclass'>Location of Units of Observation:</i> National <br><i class='myclass'>Population:</i> Data covers the 510 largest UK companies for the fiscal year 1997-1998. </h5> <h3>Methodology: </h3><h5> <i class='myclass'>Time Dimensions: </i> Cross-sectional (one-time) study <br><i class='myclass'>Sampling Procedures: </i> CEO compensation data: the largest 510 UK companies by market capitalisation were included in the sample.<br>Tournaments data: 100 companies drawn randomly for 150 largest UK firms by market capitalisation. <br><i class='myclass'>Number of Units:</i> CEO compensation data companies: 510. Tournament data companies: 100. <br><i class='myclass'>Method of Data Collection: </i> Compilation or synthesis of existing material <br><i class='myclass'>Data Sources: </i> The majority of the data were collected manually from individual company annual reports and accounts. <br><i class='myclass'>Weighting: </i> No weighting used </h5><h3>Language(s) of Written Materials: </h3> <h5>Study Description: English<br>Study Documentation: English<br></h5> <h3>Access: </h3><h5> <i class='myclass'>Access Conditions: </i> The depositor has specified that registration is required and standard conditions of use apply. The depositor may be informed about usage. See <a href='http://www.data-archive.ac.uk/orderingdata/termsandConditions.asp'>terms and conditions</a> for further information. <br><i class='myclass'>Availability: </i> ESDS Access and Preservation, UK Data Archive <br><i class='myclass'>Contact: </i></b> Help desk: help@esds.ac.uk<br> </h5> <h3>Date of First Release:</h3><h5> 12 December 2001<br></h5> <br><br> <h3> File last updated: </h3> <h5>4 January 2012</h5> </body></html>