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Not So Lucky Any More:CEO Compensation in Financially Distressed Firms
Kang, Qiang; Mitnik, Oscar A. - Institut zur Zukunft der Arbeit <Bonn> - 2008
There is a debate on whether executive pay reflects rent extraction due to “managerialpower” or is the result of arms-length bargaining in a principal-agent framework. In this paperwe offer a test of the managerial power hypothesis by empirically examining the CEOcompensation of U.S. public...
Persistent link: https://www.econbiz.de/10009418922
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Incentives and Cooperation in Firms:Field Evidence
Berger, Johannes; Herbertz, Claus; Sliwka, Dirk - Institut zur Zukunft der Arbeit <Bonn> - 2011
of individual, team, andcompany performance for compensation, we find a significant positive relation between …
Persistent link: https://www.econbiz.de/10009360533
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Firm Performance and Managerial Turnover:The Case of Ukraine
Muravyev, Alexander; Talavera, Oleksandr; Bilyk, Olʹga A. - Institut zur Zukunft der Arbeit <Bonn> - 2009
turnover. While the strength of the turnover-performance relationship does notseem to depend on factors such as managerial …
Persistent link: https://www.econbiz.de/10009360623