This study investigates the role of factors that determine individual employees' and firms' participation in profit sharing schemes. Using a large panel data of Finnish employees for the period 1996-2000 we analyse individual and workplace characteristics that make firms employ profit sharing...

Our study reveals how two separate dimensions of board composition—the proportion of independent directors and of non-independent directors—influence CEO compensation in Western European firms. Controlling for the simultaneous determination of CEO pay structure and board design, we find that...

We use the special case of Finland to analyze the role of nomination committees on board diversity and composition. We compare board diversity in two types of firms: firms with a nomination committee composed of board members, and firms where the (usually three) largest shareholders choose a...

I analyze the effect of performance related pay on employment stability. I find evidence that workers who participate in performance related pay schemes enjoy greater employment stability. I also show that after having controlled for the level of compensation and simultaneous determination,...