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

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 …

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

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 …

This paper examines how managers at the top of a public institution, central bank executives, allocate their working …

on gender diversity on boards. We exploit rich, newly assembled board–director matched panel data for Norway and Germany …, which contain unique information on whether a director represents shareholders or employees during the period around 2008 … a director being female, the effect through employee representation has relatively decreased after the implementation of …