where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …

representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …

This paper investigates whether the arrival of managers with export experience, i.e. experience acquired through … relationship is of a causal nature. We construct a worker-firm matched panel dataset which enables us to track managers across …. Contrary to blue and white collars, we find that managers are paid a sizeable premium for export experience which has both a …

based on a matching procedure. Only 7% of top-level Czech managers are women and their wages are about 20 percent lower even …

constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …This Paper develops an account of the role and significance of managerial power and rent extraction in executive … power approach suggests that boards do not operate at arm’s length in devising executive compensation arrangements; rather …

should err in favour of the arrangement that is less favourable to managers. Such an approach, we show, would make it most …

This Paper provides an overview of the main theoretical elements and empirical underpinnings of a ‘managerial power … instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in …