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Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011526742
This paper analyzes the links between corporate tax avoidance, the growth of high-powered incentives for managers, and …
Persistent link: https://www.econbiz.de/10012468222
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012455086
An effective performance-based compensation system must increase the probability of high performance corporate outcomes in order to justify the incremental expense relative to a straight salary system. A positive relation between current performance and current compensation indicates that the...
Persistent link: https://www.econbiz.de/10012475894
managers and thus possibly making China's listed firms less effective in solving the agency problem. As such, ownership … restructuring may be needed for China to successfully transform its SOEs to efficient modernized corporations and reform its overall …
Persistent link: https://www.econbiz.de/10003225948
The core role of managerial accounting is to provide information to facilitate managers' decisions and influence their … experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision … different behavioral channels. In particular, managers make use of the information provided by placing higher-margin products …
Persistent link: https://www.econbiz.de/10012487017
Using German establishment data, we show that the relationship between intensity of performance pay and intensity of applicant screening depends on the nature of production. In establishments with increased multitasking, performance pay is positively associated with applicant screening. By...
Persistent link: https://www.econbiz.de/10011631541
This paper presents an overview of the history of corporate governance in the United States, emphasizing the period …
Persistent link: https://www.econbiz.de/10012458311
bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10009681440
Persistent link: https://www.econbiz.de/10001750022