Showing 1 - 10 of 1,393
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
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
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
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
Making use of panel data from a survey of highly educated professionals, gender pay gaps are explored with regard to … employees in higher positions of firm hierarchies with children. Gender pay gaps are much more pronounced for bonus payments …
Persistent link: https://www.econbiz.de/10010345123
This paper investigates whether non-base compensation contributes to the gender pay gap. In wage decompositions, we … managers, the contribution of bonuses to the mean gap more than doubles and is steadily rising as one moves up the wage … distribution. Our findings suggest that gender differences in bonuses are an important contributor to the gender pay gap …
Persistent link: https://www.econbiz.de/10012589852
of middle managers from the German chemical sector, we are able to differentiate between different reasons for …
Persistent link: https://www.econbiz.de/10011641615
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
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
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