Narrow search
Showing 1 - 10 of 84,618
Cover Image
Corporate governance and incentive contracts : historical evidence from a legal reform
Bayer, Christian (contributor); Burhop, Carsten (contributor) - 2008
This paper proposes to exploit a reform in legal rules of corporate governance to identify contractual incentives from … institutional environment, the reform of the German joint-stock companies act in 1884. We analyze a sample of executive pay for 46 … firms for the years 1870 to 1911. In 1884, a law reform substantially enhanced corporate control, strengthened the …
Persistent link: https://www.econbiz.de/10003730741
Cover Image
Cartels, managerial incentives, and productive efficiency in German coal mining, 1881-1913
Burhop, Carsten (contributor);  … - 2008
significantly correlated with productive efficiency, whereas the debt-equity ratio did not influence it. -- Economic history …
Persistent link: https://www.econbiz.de/10003730769
Cover Image
Does a "Ceo Chairman" guarantee better performance from a firm?
Srbek, Pavel; Dittrich, Ludwig O. - In: Danube : law and economics review 7 (2016) 3, pp. 145-160
This paper provides a brief review of the state of knowledge in the field of agency theory. The managerial power approach assumes that a chief executive officer is able to affect the scale of his or her pay. However, Kaplan (2012) and others see a different picture of the corporate-governance...
Persistent link: https://www.econbiz.de/10011549610
Cover Image
Corporate awards and executive compensation : empirical evidence from Chinese A-Share listed companies
Deng, Bofu; Liu, Jiawei; Ji, Li - In: China journal of accounting studies 8 (2020) 1, pp. 66-96
financial performance based on corporate awards in SOEs are both stronger than in non-SOEs. Moreover, when managers cannot fully … obtain other forms of incentives (such as perk consumption or equity incentives), the effect of corporate awards on managers …
Persistent link: https://www.econbiz.de/10012654037
Cover Image
Relative performance evaluation and executive compensation : evidence from Chinese listed companies
Chen, Donghua; Liang, Shangkun; Zhu, Pin - In: China journal of accounting research : CJAR 5 (2012) 2, pp. 127-144
This paper focuses on the effect of relative performance evaluation (RPE) on top managers’ compensation in Chinese … tasks of managers in SOEs. …
Persistent link: https://www.econbiz.de/10011825215
Cover Image
An activist view of CEO compensation
Baum, Alex; Hale, Robert; Morfit, Mason; Larcker, David F. - 2017
Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...
Persistent link: https://www.econbiz.de/10011870307
Cover Image
Managerial Power, Stock-Based Incentives, and Firm Performance
Choe, Chongwoo; Yin, Xiangkang - 2006
, but only results in wealth transfer from shareholders to managers. Thus firm performance gross of management compensation …
Persistent link: https://www.econbiz.de/10014058278
Cover Image
The choice of peers for relative performance evaluation in executive compensation
Bizjak, John M.; Kalpathy, Swaminathan; Li, Zhichuan; … - In: Review of finance : journal of the European Finance … 26 (2022) 5, pp. 1217-1239
Persistent link: https://www.econbiz.de/10013399707
Cover Image
Board of director collusion, managerial incentives and firm values
Andergassen, Rainer - 2011
governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …
Persistent link: https://www.econbiz.de/10011734901
Cover Image
Clawback provisions and firm risk
Babenko, Ilona; Bennett, Benjamin; Bizjak, John M.; … - 2019
Panel OLS and GMM-IV estimates indicate that executives respond to the adoption of a compensation clawback provision by decreasing firm risk. The mechanisms that transmit incentives to decisions and decisions to risk appear to be more conservative investment and financial policies and preemptive...
Persistent link: https://www.econbiz.de/10012107693