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CEO pay disclosure and within-firm wage inequality
Maida, Agata; Pezone, Vincenzo - 2024
percent and 1 percent of the within-firm wage distribution rise substantially. Instead, the effect on average wages is small …
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
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
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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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"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
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Career interruptions and current earnings : the role of interruption type, compensation component, and gender
Gerst, Benedikt; Grund, Christian - 2017
This study examines how career interruptions and subsequent wages of employees are related. Using individual panel data … 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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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
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Monetary rewards, hierarchy level and working hours as drivers of employees' self-evaluations
Grund, Christian; Soboll, Alexandra - 2023
In this study, we explore the relation between job characteristics and employees' self-evaluations of performance in comparison to their colleagues' performance. Making use of unique individual panel data of ten large firms in Germany's chemical industry, we focus on monetary rewards (bonus...
Persistent link: https://www.econbiz.de/10014249264
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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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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