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CEO and board characteristics as determinants of private benefits of control : evidence from the Russian stock exchange
Berezinec, Irina V.; Ilina, Julja; Muravyev, Alexander - 2011
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10009524994
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Management incentives, signaling effects and the costs of vertical integration
Sliwka, Dirk (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001784303
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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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What explains the rise in CEO pay in Germany? : a panel data analysis for 1977 - 2009
Fabbri, Francesca; Marin, Dalia - 2012
contributed to the rise in executive pay in Germany. Lastly, we show that CEOs in the banking sector are provided with incentives …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in …
Persistent link: https://www.econbiz.de/10009533980
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Management compensation and the economic crisis : longitudinal evidence from the German chemical sector
Grund, Christian; Hofmann, Tanja - 2013
Making use of unique balanced panel data for the German chemical sector from the years 2008 to 2011, we explore the extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards. Carrying out longitudinal analyses, we find that, on...
Persistent link: https://www.econbiz.de/10009754706
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Monetary reference points of managers : an empirical investigation of status quo preferences and social comparisons
Grund, Christian; Martin, Johannes - 2012
We assemble two reference point based concepts of utility in our empirical study: the own previous status quo and social comparisons. We explore the relative relevance of these concepts for total compensation as well as for different parts of the compensation package of managers. Making use of a...
Persistent link: https://www.econbiz.de/10009681303
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A field experiment in motivating employee ideas
Gibbs, Michael; Neckermann, Susanne; Siemroth, Christoph - 2014
We study the effects of a field experiment designed to motivate employee ideas, at a large technology company. Employees were encouraged to submit ideas on process and product improvements via an online system. In the experiment, the company randomized 19 account teams into treatment and control...
Persistent link: https://www.econbiz.de/10010342449
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How policy changes affect shareholder wealth : the case of the Fukushima Daiichi nuclear disaster
Betzer, André; Doumet, Markus; Rinne, Ulf - 2011
of almost half of Germany's nuclear reactors while safety checks were carried out, and a three-month moratorium on … companies to renewable energies companies in Germany. We moreover find that the joint market capitalization of these firms has …
Persistent link: https://www.econbiz.de/10009312120
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Employment effects of welfare reforms : evidence from a dynamic structural life-cycle model
Haan, Peter (contributor); Prowse, Victoria (contributor);  … - 2008
effect of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven … place in Germany, towards a more Anglo-American system in which a large proportion of transfers are paid to the working poor …
Persistent link: https://www.econbiz.de/10003716521
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Imposed benefit sanctions and the unemployment-to-employment transition : the German experience
Müller, Kai-Uwe (contributor); Steiner, Viktor (contributor) - 2008
positive short- and long-term effects of benefit sanctions which are robust for men and women in East and West Germany. The …
Persistent link: https://www.econbiz.de/10003716523