COMPARATIVE EVALUATION OF EXECUTIVE COMPENSATION IN SUPERIOR COMPANIES OF TEHRAN STOCK EXCHANGE: EXPLAIN THE ROLE OF NON- FINANCIAL REWARDS SUPERIOR FIRMS
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In today modern world, executive compensation issues related to corporate executives and also interest earned by them has become an important and controversial subject, as far as sometimes managers has more social benefits than the financial interests in superior companies. Present study is aim to examine differences between executive compensation in superior companies with the other stock exchange companies. In order to examine this issue, the list of superior companies of Tehran Stock Exchange (TSE), reported annually, is used between 2009 and 2014. Research methodology is Kolmogorov-Smirnov test and according to its conclusion, Mann-Whitney U test is used. Research findings prove that executive compensation in superior companies is lower in comparison to the other companies. Manager’s in exchange market companies who have responsibilities in superior companies have tended to receive less compensation in order to have other benefits such as social and financial benefits.