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Management compensation and the economic crisis : longitudinal evidence from the German chemical sector
Grund, Christian; Hofmann, Tanja - 2013
extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis. …
Persistent link: https://www.econbiz.de/10009754706
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How do labor representatives affect incentive orientation of executive compensation?
Dyballa, Katharina; Kraft, Kornelius - 2016
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
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CEO pay disclosure and within-firm wage inequality
Maida, Agata; Pezone, Vincenzo - 2024
We analyze the effect of CEO pay disclosure on wage distribution by exploiting a 1998 reform requiring Italian publicly listed companies to disclose top executives' compensation. In firms where CEOs disclose high total compensation, the top 5 percent and 1 percent of the within-firm wage...
Persistent link: https://www.econbiz.de/10015050833
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Do big inequalities in executive pay hurt firm performance?
Chung, Richard; DeVaro, Jed; Fung, Scott - 2024
evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …
Persistent link: https://www.econbiz.de/10015075389
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Performance pay and applicant screening
Jirjahn, Uwe; Mohrenweiser, Jens - 2017
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
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Bonus payments and reference point violations
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - 2010
We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We …
Persistent link: https://www.econbiz.de/10003941775
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Bonus payments, hierarchy levels and tenure : theoretical considerations and empirical evidence
Grund, Christian; Kräkel, Matthias - 2010
Using data on executive compensation for the German chemical industry, we investigate the relevance of two theoretical approaches that focus on bonuses as part of a long term wage policy of a firm. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns....
Persistent link: https://www.econbiz.de/10009155574
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
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
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Not so lucky any more : CEO compensation in financially distressed firms
Kang, Qiang (contributor); Mitnik, Oscar A. (contributor) - 2008
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10003779098
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Task difficulty, performance measure characteristics, and the trade-off between insurance and well-allocated effort
Schnedler, Wendelin (contributor) - 2006
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003323166