Dissertations / Theses on the topic 'Firm Size effect'
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Cengizoglu, Gonca. "Effect of Firm Size on Female Earnings." Thesis, University of North Texas, 1994. https://digital.library.unt.edu/ark:/67531/metadc500428/.
Full textWilson, Hugh David Economics Australian School of Business UNSW. "The Firm Size Effect: An Application of Hierarchy Theories." Awarded by:University of New South Wales. School of Economics, 2000. http://handle.unsw.edu.au/1959.4/32642.
Full textChoi, Jae Sung. "Size Effect in the Cryptocurrency Market." Scholarship @ Claremont, 2018. http://scholarship.claremont.edu/cmc_theses/1927.
Full textGellerman, Emil, and Boer Aukje de. "The effect of busy boards on Tobin's Q in Swedish firms : studying firm size and ownership concentration as potential modifiers." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-297738.
Full textDet debatteras alltmer hur många styrelseuppdrag en styrelseledamot kan ha innan det börjar påverka kvaliteten på deras arbete negativt. Tidigare forskning har inte nått ett enhetligt svar på frågan om effekten av många styrelseuppdrag och ett företagets prestation. Vi tror därför att det finns modifierande variabler som inverkar på detta förhållande, nämligen företagets storlek och om företaget har en koncentrerad ägarkrets. Vi genomförde en kvantitativ studie för att undersöka effekten av många styrelseuppdrag på företagens prestation bland Svenska bolag noterade på Stockholmsbörsen. Våra resultat tyder på att ledamöter med många uppdrag har en positiv inverkan på måttet Tobin’s Q och att bolag med en hög ägarkoncentration påverkar detta samband än mer positivt. Det fanns delvis underlag för att företagets storlek påverkade sambandet negativt. Överlag indikerar våra resultat att utökad reglering som begränsar antalet styrelseuppdrag inte är motiverat i dagsläget.
Chui, Man Wai. "The firm size effect in the Hong Kong stock market for the period 1986 to 1993." Thesis, University of Macau, 1996. http://umaclib3.umac.mo/record=b1636707.
Full textRamirez, Eduardo A. "Does Size and Industry Affect CEO Performance? The Effect of CEO Succession Announcements on Firm Value." Scholarship @ Claremont, 2016. http://scholarship.claremont.edu/cmc_theses/1410.
Full textWeerink, Rens. "THE EFFECT OF BOARD SIZE ON FIRM PERFORMANCE AND HOW THIS RELATIONSHIP IS INFLUENCED BY UNCERTAINTY AVOIDANCE." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-377178.
Full textLuomaranta, Henri. "Essays in Firm Dynamics, Ownership and Aggregate Effects." Thesis, Toulouse 1, 2019. http://www.theses.fr/2019TOU10021/document.
Full textAdministrative registers maintained by statistical offices on vastly heterogeneous firms have much untapped potential to reveal details on sources of productivity of firms and economies alike. It has been proposed that firm-level shocks can go a long way in explaining aggregate fluctuations. Based on novel monthly frequency data, idiosyncratic shocks are able to explain a sizable share of the Finnish economic fluctuations, providing support to the granular hypothesis. The global financial crisis of 2007-2008 has challenged the field of economic forecasting, and nowcasting has become an active field. This thesis shows that the information content of firm-level sales and truck traffic can be used for nowcasting GDP figures, by using a specific mixture of machine learning algorithms. The agency problem lies at the heart of much of economic theory. Based on a unique dataset linking owners, CEOs and firms, and exploiting plausibly exogenous variations in the separation of ownership and control, agency costs seem to be an important determinant of firm productivity. Furthermore, the effect appear strongest in medium-sized firms. Enterprise group structures might have important implications on the voluminous literature on firm size, as large share of SME employment can be attributed to affiliates of large business groups. Within firm variation suggests that enterprise group affiliation has heterogeneous impacts depending on size, having strong positive impact on productivity of small firms, and negative impact on their growth. In terms of aggregate job creation, it is found that the independent small firms have contributed the most. The results in this thesis underline the benefits of paying attention to samples encompassing the total population of firms. Researchers should continue to explore the potential of rich administrative data sources at statistical offices and strive to strengthen the ties with data producers
Jánica, Vanegas Felipe Augusto. "The effect of corporate entrepreneurship, innovation and strategic renewal on business performance, business failure or organizational decline moderated by industry and firm size." Doctoral thesis, Pontificia Universidad Católica del Perú, 2019. http://hdl.handle.net/20.500.12404/16162.
Full textTesis
Li, Xiaoying. "Impact of firm characteristics on wages : Industry wage differentials and firm size-wage effects in Sweden." Thesis, Umeå universitet, Nationalekonomi, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-123299.
Full textStallkamp, Philip Robert. "The impact of firm size and industry on capital structure decisions." Master's thesis, University of Cape Town, 2015. http://hdl.handle.net/11427/16796.
Full textThis paper investigates the impact of firm size and industry on the capital structure of listed South African firms. It uses data obtained from firms listed on the Johannesburg Stock Exchange and tests trade-off theory and pecking order theory for firms of various sizes, firms in different industries and also tests for differences between debt maturities. Multiple fixed effect models are used to firstly test for the main factors that impact capital structure and secondly to test which sources of capital are preferred to finance a change in assets. The analysis shows that firms of different sizes and firms that operate in different industries choose their capital structure in various ways. Larger firms are more highly geared debt more than small firms and smaller firms prefer to use internally generated funds. The two main capital structure theories, trade-off and pecking order, do not explain the difference in behaviour adequately. The paper also finds that similar factors impact both long-term and short-term debt.
Nakao, S., T. Ando, M. Shikida, and K. Sato. "Effects of Environmental Condition on the Strength of Submicron-Thick Single Crystal Silicon Film." IEEE, 2007. http://hdl.handle.net/2237/9567.
Full textBacker-Meurke, Fredrik. "Finite-size effect in CoAlZr/AlZr multilayers." Thesis, Uppsala universitet, Materialfysik, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-355721.
Full textYu, Dong Michael. "The effect of big four office size on audit quality." Diss., Columbia, Mo. : University of Missouri-Columbia, 2007. http://hdl.handle.net/10355/4827.
Full textThe entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on October 15, 2007) Vita. Includes bibliographical references.
Won, Changhee. "Unionism and turnover : exit-voice tradeoff, firm size, and spillover effects." Connect to resource, 1988. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1262608789.
Full textBrown, Ashley L. "The Effects of Firm Size and Corporate Social Responsibility on Organizational Attraction." Xavier University / OhioLINK, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=xavier1410450556.
Full textSims, Robert H. "Hazard abatement as a function of firm size the effects of internal firm characteristics and external incentives /." Santa Monica, CA : RAND, 2008. http://www.rand.org/pubs/rgs_dissertations/RGSD227/.
Full textVolland, Antoine. "Etude des effets d'échelle sur le comportement mécanique de film mince en verre métallique." Phd thesis, Université de Grenoble, 2012. http://tel.archives-ouvertes.fr/tel-00872887.
Full textGadkari, Parag. "EFFECT OF ANNEALING ON COPPER THIN FILMS:THE CLASSICAL SIZE EFFECT AND AGGLOMERATION." Master's thesis, University of Central Florida, 2005. http://digital.library.ucf.edu/cdm/ref/collection/ETD/id/2937.
Full textM.S.E.E.
Department of Electrical and Computer Engineering
Engineering and Computer Science
Electrical Engineering
Webb, Joshua J. "The Effect of Particle Size and Film Cooling on Nozzle Guide Vane Deposition." The Ohio State University, 2011. http://rave.ohiolink.edu/etdc/view?acc_num=osu1313528110.
Full textLundgren, Anton, and Sara Ahlgren. "P/B i kombination med marknadsvärde : En studie på Stockholmsbörsen 2006 - 2016." Thesis, Linköpings universitet, Företagsekonomi, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-138819.
Full textBackground: This study is a test of an investment strategy based on relative valuation of multiples. The multiple to be studied is Price-to-Book (P/B). P/B is chosen because although previously researched, the implications of book values paired with market values are still not well understood. Aim: The aim of this study is to examine and analyze the multiple P/B as an investment strategy for stocks. Moreover, this study intends to examine stocks with low and high P/B: s from the Small, Mid and Large Cap on the Stockholm Stock Exchange. Completion: Six portfolios are created based on low and high P/B: s respectively from the market value-based stock exchange lists Small, Mid and Large Cap on the Stockholm Stock Exchange. The portfolios are rebalanced annually and are followed between 2006 and 2016. Results: Four out of six portfolios exhibit higher levels of cumulative returns than the chosen stock index before and after adjusting for risk. However, weak statistical evidence prevent conclusive showings of excess returns over time. Similarly, we find weak support for differences in returns between low and high P/B: s. Neither does there seem to exist significant differences in return and risk between the Small, Mid and Large Cap.
Wolff, Trent M. "The Effect of Particle Size on Deposition in an Effusion Cooling Geometry." The Ohio State University, 2018. http://rave.ohiolink.edu/etdc/view?acc_num=osu1523800099698799.
Full textSun, Tik. "Classical Size Effect in Copper Thin Films: Impact of Surface and Grain Boundary Scattering on Resistivity." Doctoral diss., Orlando, Fla. : University of Central Florida, 2009. http://purl.fcla.edu/fcla/etd/CFE0002959.
Full textSimmons, John D. Jr. "The Effects of Firm Size on the Entrepreneurial Orientation Dimensions of Innovativeness, Proactiveness, and Risk-Taking." Ohio University Honors Tutorial College / OhioLINK, 2010. http://rave.ohiolink.edu/etdc/view?acc_num=ouhonors1275870430.
Full textKim, Ick Chan. "Experimental investigation of size effect on thermal conductivity for ultra-thin amorphous poly(methyl methacrylate) (PMMA) films." [College Station, Tex. : Texas A&M University, 2007. http://hdl.handle.net/1969.1/ETD-TAMU-1348.
Full textHaccart, Thibault. "Élaboration et caractérisations de films minces piézoélectriques de PZT et de PNZT déposés sur silicium par pulvérisation cathodique. Intégration dans les microsystèmes." Valenciennes, 2000. https://ged.uphf.fr/nuxeo/site/esupversions/8dd931ab-016f-43d0-a6c6-9ebdcad8257f.
Full textCravo, Tulio A. "SMEs, regional economic growth and cycles in Brazil." Thesis, Loughborough University, 2011. https://dspace.lboro.ac.uk/2134/9147.
Full textBelgraver, Herman. "Resource contingencies and firm performance in global strategic alliances : an empirical study of the contingent effects of size, culture, institutions, and governance." Thesis, Queen's University Belfast, 2013. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.602435.
Full textFERREIRA, VINICIUS FADINI B. DE M. "THE SIZE EFFECT ON FIRMS RETURNS IN THE BRAZILIAN MARKET AND HOW THE CONTROL FOR OTHER FACTORS MAY INFLUENCE RESULTS." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2017. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=33190@1.
Full textThis paper seeks to replicate, for the Brazilian market, the approach and methodologies used by Asness, Frazzini and Perdersen (2015) in an attempt to verify the existence of a positive premium among the returns of small firms and large firms in the North American market. In addition, it seeks to measure how the Quality factor, among others, could influence the results of this premium, optimizing it or not according to the control for such variables. The paper is based on the classic Fama and French pricing model, both to define the factor that will represent the size premium and creation of several portfolios that result in the other factors to be considered in the regressions of each study.
Jang, Seon Deog. "The Effect of Stock Splits on Small, Medium, and Large-sized Firms Before and After Decimalization." Thesis, University of North Texas, 2013. https://digital.library.unt.edu/ark:/67531/metadc407794/.
Full textTO, THI DUNG. "CORPORATE GOVERNANCE Empirical Research on Board Size, Board Composition, Board Activity, Ownership Concentration and Their Effects on Performance Of Vietnamese Listed Companies." Thesis, Högskolan i Borås, Institutionen Handels- och IT-högskolan, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:hb:diva-20773.
Full textNaili, El-Hadi Ali. "Behaviour of cellular beams having different opening sizes, steel decking shapes and restraint effect in fire conditions." Thesis, Ulster University, 2012. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.568793.
Full textDomingo, Brian-Alexander T. "Why is MySpace the place for friends? : An ethnographic study on the effects of social-networking site use on socialization." Scholarly Commons, 2006. https://scholarlycommons.pacific.edu/uop_etds/639.
Full textMa, Jiayang. "Selective Observations of Chemical Structures of Heat-treated Poly(acrylonitrile) Films at The Surface and Core Regions by Solid-state NMR." University of Akron / OhioLINK, 2019. http://rave.ohiolink.edu/etdc/view?acc_num=akron1555600643937118.
Full textBocchi, Carlo. "The effects of assembly line-side supply on individuals employed in satellite operations within automotive manufacturers." Thesis, Port Elizabeth Technikon, 2001. http://hdl.handle.net/10948/56.
Full textChou, Yi-Hsin, and 周怡忻. "Firm Size and Spillover Effect." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/23286394002936232032.
Full text銘傳大學
財務金融學系碩士在職專班
101
This paper uses spillover index to measure the spillover effect between the small-, medium-, and large-size firms in US stock market from January 1999 to January 2010. In contrast with previous study, we utilized a generalized vector autoregressive framework proposed by Diebold and Yilmaz (2012) in which forecast-error variance decompositions are invariant to the variable ordering. In addition, this paper includes the medium-size firms in our experiments to evaluate its importance in stock market. For the small-, medium-, and large-size firms, our empirical results support the inattention effect in stock market in that medium-size firm has the largest net spillover effects. Moreover, as for the large- and small-size firms, this study supports market-wide effects proposed by Francis et al. (2010). Specifically, the paper provides evidence that the large-size firms have a net spillover effect on small-size firms. By contrast, the small-size firms are more sensitive to market-wide information during the market downturns than other periods.
Wilson, Hugh. "The firm size effect : an application of hierarchy theories /." 2000. http://www.library.unsw.edu.au/~thesis/adt-NUN/public/adt-NUN20001013.113237/index.html.
Full textLin, Shr-Bing, and 林世彬. "Overreaction Effect and Firm Size in the Taiwan Stock Market." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/46484836702717328700.
Full text國立雲林科技大學
財務金融系碩士班
92
Overreaction means the phenomena that drastic changes in prices which result from certain events and the changes overshoot the range predicted by theory, and then rebound. Overreaction Hypothesis refers that the winner portfolio and loser portfolio will adjust to reflect their true market value through time. And by using the arbitrage strategy that buying winner portfolio and selling loser portfolio, we can gain the excess return. This paper selects 70 companies in Taiwan Stock Market to investigate if there exists the phenomena of overreaction in our stock market. We use weekly data from 1999 to 2003 for study period. Furthermore, due to the happening of 911 and SARS, we add the daily data in 911 and SARS period for study period in addition. Our study finds that without considering firm size, there is no overreaction effect in Taiwan Stock Market. After controlling firm size, there is still no overreaction in Taiwan Stock Market. According to above empirical results, we can conclude that there seems no overreaction effect in Taiwan Stock Market.
LIN, CHENG-KAI, and 林鉦凱. "The Effect of Audit Firm Size on Annual Report Readability." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/adg3y2.
Full text輔仁大學
會計學系碩士班
106
The purpose of financial statement is to assist users making decision. Previous studies show that high disclosure quality of financial statement reduces information asymmetry and makes interested parties understand more about the operation of firm. Management has the responsibility of compiling financial statement. Consequently, management can hide or blur the expression of information if there is something adverse to firm. Furthermore, audit quality is important for financial statement because financial statement has to be audited by the audit firm. And the past researches usually use audit firm size to represent audit quality. Therefore, we explore whether audit firm size will affect the disclosure quality of financial statement. Disclosure quality is measured by the readability of 10-K financial statement and whether company is audited by Big 4 audit firm is the proxy of audit quality. The empirical results show that audit firm size is negatively correlated with annual report readability. It suggests that if the firm is audited by the Big 4, the CPA will require the disclosure of number and ways complying with the laws more completely than non Big 4. As a result, management can only hide or blur the adverse news through reducing the readability of 10-K to influence disclosure quality, and then mislead the user of financial statement.
Ishii, Hisako. "The effect of firm size on employment practices in Japan wage differentials and quasi-fixed employment costs across firm sizes /." 1993. http://catalog.hathitrust.org/api/volumes/oclc/33670823.html.
Full textHong, Huei-Jyun, and 洪慧君. "International Experience and Entry Mode Strategy-Moderating Effect of Firm Size." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/86679733042531289892.
Full text聖約翰科技大學
企業管理系碩士班
100
International experience plays a crucial role in the choice of foreign entry mode, but its influence may vary across firms. This study investigates the difference of such an influence between BEs(big enterprises) and SMEs (small and medium enterprises). We then hypothesize that inexperienced SMEs firms, compared with inexperienced BEs firms, are more likely to choose JVs rather than WOSs. An analysis of 4196 entries by Taiwanese MNEs into 38 countries supports the hypotheses.
Tarvainyte, Justina. "The effect of firm size on export performance: a meta-analysis." Dissertação, 2014. https://repositorio-aberto.up.pt/handle/10216/77262.
Full textTarvainyte, Justina. "The effect of firm size on export performance: a meta-analysis." Master's thesis, 2014. https://repositorio-aberto.up.pt/handle/10216/77262.
Full textHuang, Chiu Ying, and 黃秋螢. "The Relationship Between Weekday Effect and Firm Size in Taiwan Stock Market." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/33407995049757982978.
Full text長庚大學
企業管理研究所
99
As time pass and with the convenient internet, investors could collect their informations correctly and quickly. In recent investigations, show that the day-of-the-week effect in Europe and American stock markets would disappear with time. My thesis is to compare the weekly return of TAIEX and listed firms from 1990 to 2009, the effect of two days holiday for each two weeks and five days workweek. After separated from trading days, the empirical results indicated that the day-of-the week of TAIEX was disappeared. Otherwise, all listed firms had significantly negative Tuesday return and the weekend effect in all period, but didn’t occur every year. The examine resule shows that when a particular year consists of mostly negative or positive return weeks, then could drive changes to the weekday effect. In addition, the small size of firms could happen more easily. After using this specific weekday effect and testing the performances of the six strategies which bought on the first Tuesday and sold on the last Friday, would get above positive feedback.
Ya-hwa, Liao, and 廖雅華. "The Effect of Firm Size and Information Dissemination on the Profitability of Technical Analysis." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/57146345450165806519.
Full text東海大學
財務金融學系碩士在職專班
98
This research addresses the effect of firm size and information dissemination on the profitability of technical analysis. We study the profitability of technical trading for the samples of the 20 largest and 20 smallest listed firms in Taiwan Stock Exchange. Our research methodology uses trading range break-out rules combing 1-day moving average of Brock, Lakonishok, and Lebaron (1992) and 50-day, 100-day, 150-day, and 200-day moving averages of Metghalchi, Chang, and Marcucci (2007). The empirical evidence shows that the profitability of trading rules of (1, 100), (1, 150), and (1,200) is larger for the firms with smallest firm size than those with largest firm size. The implications provide that the degree of information dissemination is lower for small firms so that investors gain higher returns by using technical trading analysis. Furthermore, we find that the returns of buy-days are higher than those of sell-days and they also beat the buy-and-hold returns. Finally we employ Superior Predictive Ability tests to rank the profitability of technical trading. The results shows that longer period moving average trading rules perform better than shorter period moving average trading rules. This research also presents that the weak-form market efficiency is not supported for Taiwan stock markets.
Kapilakanchana, Montalee. "The Effect of Branding and Firm Size on the Recurrence of Food Recall Events Associated with Pathogenic Contamination in the United States." Thesis, 2012. http://hdl.handle.net/1969.1/ETD-TAMU-2012-05-11091.
Full textZHANG, JIA-CHUN, and 張嘉純. "A Study on the Manager’s Compensation and Firm Size-The Moderating Effect of Corporate Strategies." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/352f7h.
Full text銘傳大學
會計學系碩士班
101
This research is aimed to discuss the compensation of the manager affected by the firm size in electrical industry as well as the influence by the company strategy on the original relation between the firm size and the manager’s compensation. The electrical industry is on the trend of expanding its scale due to merger and broadening the operation scope so this study explores the connection between the firm size and the manager’s compensation. In addition, the electrical industry is now standing in the environment of fierce competition and rapid product phase-out situation. For companies in the electronics industry, a proper corporate strategy is relatively more important, especially when they need diversification and product innovation to maintain their competitiveness and to realize sustainable operations. Therefore, this study also examines the effects of a diversification strategy and an innovation strategy on manager’s compensation, and then further investigates if the diversification strategy and the innovation strategy have moderating effects on manager’s compensation and the firm size. The empirical results indicate manager’s compensation is greater in large firms and the greater levels of diversification and innovation will be associated with greater levels of Manager’s compensation. The higher levels of diversification firm size will have a stronger relationship with CEO compensation.
Lin, Yu-Kan, and 林郁侃. "The Size of CPA Firm and The Risk of Auditor Changes to Reporting Decision The EffectThe Size of CPA Firm and The Risk of Auditor Changes to Reporting Decision The Effect." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/07943413951339098623.
Full text雲林科技大學
會計系研究所
97
This research focuses on whether incentives (e.g. the risk of auditor changes) will affect the independent character of auditors, and whether the size of CPA firm being relation tor reporting decision made by auditors. Finally, it centers on the observation how auditors justified with the accounting standard. The results indicate that the incentive (the risk of auditor changes) has effect on the reporting decision made by auditors of big CPA firms, and the size of CPA firm is related to reporting decision by auditors. In addition, we found auditors use vague disclosure criteria in financial accounting standards in a manner that justifies their reporting decision.
Chang, Huai-Wen, and 張懷文. "The Wealth Effect of Cooperation Experience on Strategic Alliance – the Moderating Role of Firm Size and Industry." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/41358150042248236394.
Full text國立臺灣大學
商學研究所
98
The main objective of this research is to investigate the wealth effect of cooperation experience on strategic alliances. This research run an empirical study, focus on China context to test the universal applicability of previous researches. The final sample contains 285 alliances formed by at least one Chinese listed company, among all these alliances, 166 of them are experienced ones, and 119 are in-experienced ones. This research followed typical event study method, use the abnormal return generated from CAPM as the measurement of the alliances expected performance. The result shows positive wealth effect of inter-firm cooperation experience on strategic alliances. Furthermore, the result shows those firms with larger firm size or within the high-tech industry benefit more from those experience effect.
王姿惠. "The effect of firm size and industry competition on asymmetric sensitivity of CEO cash compensation to stock returns." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/53591415094864767380.
Full text國立政治大學
會計研究所
99
This study investigates the effect of firm size and industry competition on the asymmetric sensitivity of CEO cash compensation to the stock returns. Leone et al. (2006) shows that since stock returns include both unrealized gains and losses, cash compensation would be less sensitive to stock returns when returns contains unrealized gains (positive returns) than when returns contain unrealized losses (negative returns). As an extension, this study examines whether firm size and industry competition affect the sensitivity of cash compensation to market performance and the asymmetry of sensitivity of cash compensation to stock returns. Based on the CEO cash compensation during 2000 and 2009 from ExecuComp database, the empirical results show that the firm size has positive effect on sensitivity of cash compensation to market performance while the industry competition has negative effect. Moreover, the asymmetry of sensitivity of CEO cash compensation to stock returns increases as firm size and industry competition increase.