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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

Do big inequalities in executive pay hurt firm performance?

Chung, Richard; DeVaro, Jed; Fung, Scott - 2024

Research Question/Issue: Do large, within-firm executive pay differences hurt firm performance? Prior literature shows mixed results concerning the sign of the relationship between executive pay disparity and firm performance. This study evaluates that literature, clarifies what tournament...

Persistent link: https://www.econbiz.de/10015075389

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

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

The importance of luck in executive promotion tournaments : theory and evidence

DeVaro, Jed; Fung, Scott - 2024

We empirically test whether executives' increases in base salary when promoted to CEO result from the wage bids of competing firms (i.e., "market-based tournaments") or from the strategic choices of the firm's board of directors to elicit optimal executive incentives (i.e., "classic...

Persistent link: https://www.econbiz.de/10015074517

"Should CEOs' salaries be capped?" : a survey experiment on limitarian preferences

Ferreira, João V.; Ramoglou, Stratos; Savva, Foivos; … - 2024

This paper investigates preferences for limiting top incomes and wealth through a surveybased experiment with a large sample of participants (N = 3,954) from the US and Germany. Using a revealed preferences approach, we find that a significant majority (around 85%) of participants support income...

Persistent link: https://www.econbiz.de/10014637223

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

Gender pay gaps among highly educated professionals : compensation components do matter

Grund, Christian - 2014

Making use of panel data from a survey of highly educated professionals, gender pay gaps are explored with regard to total compensation as well as to individual compensation components. The results indicate meaningful male-female wage differentials for this quite homogeneous group of people...

Persistent link: https://www.econbiz.de/10010345123

Non-base compensation and the gender pay gap

Hirsch, Boris; Lentge, Philipp - 2021

managers, the contribution of bonuses to the mean gap more than doubles and is steadily rising as one moves up the wage …

Persistent link: https://www.econbiz.de/10012589852

Career interruptions and current earnings : the role of interruption type, compensation component, and gender

Gerst, Benedikt; Grund, Christian - 2017

of middle managers from the German chemical sector, we are able to differentiate between different reasons for …

Persistent link: https://www.econbiz.de/10011641615

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