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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

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

Information provision, incentives, and attention: a field experiment on facilitating and influencing managers' decisions

Manthei, Kathrin; Sliwka, Dirk; Vogelsang, Timo - 2021

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

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

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

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