Determinants of directors' remuneration: Malaysian evidence 1998-2001 / Muhd Kamil Ibrahim, Norhazlina Ibrahim, Wan Adibah Wan Ismal... [et.al].

The objective of this study is to identify the factors associated with the directors'
remunerations. The sample comprises 180 companies listed in the Kuala Lumpur Stock
Exchange during the period 1989 to 2001. Instead of focussing on the pooled sample, this
research also sub-sampled the firms based on economic condition in order to determine
the effect of economic recession on the factors related to the directors 'remunerations. The
findings show that the size of the firm, growth and industry are the significant explanatory
variables of directors' remuneration. This research also found that the explanatory power
of the independent variables is less during the time of economic recovery compared to the
recovered period.