work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …

Incentive compensation induces correlation between the portfolio of managers and the cash flow of the firms they manage …. This correlation exposes managers to risk and hence gives them an incentive to hedge against the poor performance of their … using financial markets and shareholders cannot perfectly monitor the manager’s portfolio in order to keep him from hedging …

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance …

significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

We demonstrate that the choice of the transfer price and its effect on intra-firm trade and investment depends on the …

-period world with identical homothetic preferences and without investment, the global interest rate falls and the Green Paradox … weakens. With investment or a relatively more impatient oil-importing region, the Green Paradox may be strengthened because …