Browsing by Author "Slimani, Samiha"

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    Firm performance versus managerial power In determining CEO compensation: a critical study
    (revue abaad iktissadia, 2018) Slimani, Samiha
    To answer the question if chief executive officers (CEOs) are compensated according to their performance or to their power in the company, the current study attempts to provide a rich literature review concerningAgency Theory (AT)and Management Power Theory (MPT) in explaining top management compensation. In practice, some empirical studies tie senior compensation tomanagement power in order to test MPT and find that management power is an important determinant of senior compensation; whileotherstudies tie senior compensation to firm performance in order to test ATand find that top management compensation is affected essentially by firm performance.However, many studies’ results show no support for the theories, which is used by researchers as a basis for criticism. Studies’ results vary from supporting to not supporting either AT or MPT perhaps because results are conducted in different circumstances and use different proxies for variables. This is why the debate ofhow senior management compensation is decided is still ongoing
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    Liquidity Management, by the Bank of Algeria, in the Algerian System of Immediate Settlement “ART” during the Period 2006-2020
    (M'HAMED BOUGARA-BOUMERDES UNIVERSITY : Faculty of Economics, Commercial and Management Sciences, 2022) Guernane, Nassima; Slimani, Samiha
    The present research paper comes to shed light on the way the Bank of Algeria deals with liquidity problems in the Algerian system for immediate settlement, since its entry into execution in 2006 until 2020, and the extent to which it keeps pace with the mechanisms adopted by the rest of the other central banks in this field. Results show that the Bank of Algeria uses the waiting queue mechanism without having to activate it with resorting to the cash market and finally the daily facilities of the Bank of Algeria as a last lender.
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    A try to apply the chief executive officer compensation : theories in the algerian context
    (2019) Slimani, Samiha
    This study aims first to investigate the determinant factors affecting the CEO compensation. Second, it aims to test two important opposing theories of management compensation, agency theory and managerial power theory, in order to investigate whether CEOs in Algerian corporations are compensated according to their power or to their performance. To achieve the above objectives, data of a sample of 30 Algerian corporations during the period 2015-2016 are used. Pooled Data Analysis is used to explore the determinant factors of CEO compensation, while simultaneous equation model is used to test agency theory and PC Analysis is used to test managerial power theory. Findings reveal that CEO compensation is positively affected by CEO age, duality and firm performance; where older CEOs,or those who belong to the BOD,orthose whowork in high performing companies are more compensated than other CEOs. Findings also show that CEO compensation is negatively affected by CEO nationality, ownership, property rights and board size; where Algerian Owner CEOs that work in public companies with large BODtend to be less compensated than other CEOs. However, company size and CEO tenure seem to have no significant effect on CEO compensation. Findings also reveal that CEO compensation and firm performance are not jointly determined. Thus, CEOs in Algerian companies are not compensated according to their performance. Accordingly, CEO compensation does not follow the agency theory. However, results show that CEOs compensation is positively affected by their prestigeand status power in the company. Therefore CEOs in Algerian corporations are compensated according to their power rather than to their performance. Thus, CEO compensation in Algeria follows managerial power theory. Algerian Corporations should establish efficient promotion and compensation systems, where the CEO's remuneration should include a variable part that varies with performance. In addition, they should establish an effective monitoring system especially in large corporations to limit the deviant activities of managers