Unveiling the Role of Profitability in Employee and Executive Compensation of Companies Listed on The Stock Exchange (SET100)
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Abstract
This research’s objectives are to examine the relationship between profitability and the compensation of employees and executives in companies listed on the Stock Exchange of Thailand (SET100). The sample comprises 284 observations from SET100 companies during the period 2020 to 2023. The research employs descriptive analysis, correlation coefficients, and multiple regression analysis to test the hypotheses. The findings reveal a positive relationship between profitability, measured by the gross profit margin, and employee compensation, moderated by the proportion of female remuneration committee, at a significance level of 0.01. Additionally, profitability, measured by the return on equity (ROE), demonstrates a positive relationship with executive compensation at a significance level of 0.05. However, profitability measured by ROE exhibits a negative relationship with executive compensation when moderated by the proportion of female remuneration committee, at a significance level of 0.01. The research findings provide benefits both academically and practically. It helps investors understand the relationship between profitability and compensation of employees and executives in the Stock Exchange (SET100), which can be used to assess the potential of an organization. At the same time, executives can use this information as a guide to establish compensation policies and human resource management strategies, which will promote employees' awareness of their roles and responsibilities and motivate them to improve work efficiency.
Article Details
เนื้อหาและข้อมูลในบทความที่ลงตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นข้อคิดเห็นและความรับผิดชอบของผู้เขียนบทความโดยตรงซึ่งกองบรรณาธิการวารสารไม่จำเป็นต้องเห็นด้วยหรือร่วมรับผิดชอบใด ๆ
บทความ ข้อมูล เนื้อหา รูปภาพ ฯลฯ ที่ได้รับการตีพิมพ์ในวารสารสภาวิชาชีพบัญชี ถือเป็นลิขสิทธิ์ของวารสารสภาวิชาชีพบัญชี หากบุคคลหรือหน่วยงานใดต้องการนำข้อมูลทั้งหมดหรือบางส่วนไปเผยแพร่ต่อหรือเพื่อกระทำการใดๆ จะต้องได้รับอนุญาตเป็นลายลักษณ์อักษรจากวารสารสภาวิชาชีพบัญชี ก่อนเท่านั้น
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