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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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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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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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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
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The dispersion of employees' wage increases and firm performance
Grund, Christian (contributor);  … - 2004 - [Elektronische Ressource]
In this contribution we examine the interrelation between intra-firm wage increases and firm performance. Previous studies have focused on the dispersion of wages in order to examine for the empirical dominance of positive monetary incentives effects compared to adverse effects due to fairness...
Persistent link: https://www.econbiz.de/10002485616
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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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The sociology of groups and the economics of incentives : theory and evidence on compensation systems
Encinosa, William E. (contributor);  … - 2005
When working together, people engage in non-contractual and informal interactions that constitute the sociology of the group. We use behavioral models and a unique survey of medical groups to analyze how group sociology influences physician incentive pay and behavior. We conclude that informal...
Persistent link: https://www.econbiz.de/10003287624
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Relative rewards within team-based compensation
Irlenbusch, Bernd (contributor);  … - 2006
How to design compensation schemes to motivate team members appears to be one of the most challenging problems in the economic analysis of labour provision. We shed light on this issue by experimentally investigating team-based compensations with and without bonuses awarded to the highest...
Persistent link: https://www.econbiz.de/10003497895
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Incentive effects of bonus payments : evidence from an international company
Engellandt, Axel (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002181654
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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