Purpose The purpose of this paper is to investigate the impact of firm-specific (ie firm size,
profitability, leverage, dividend, growth opportunities, management quality and firm age) and
country-specific (ie, gross domestic product [GDP] growth) variables on compensation/
remuneration offered to chief executive officers (CEOs) working in different industries of
Pakistan. Design/methodology/approach Panel data techniques, namely, pooled ordinary
least squares, fixed effects and random effects methods are used to estimate the results …