Showing 1 - 10 of 377
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot … targets, measured with varying degrees of precision. We use data from the agency's performance management system and personnel … records plus matched labour market data. We focus on three main issues: whether performance pay matters for public service …
Persistent link: https://www.econbiz.de/10010720301
Including real options in firms ’ value raises numerous difficulties. Limitations concerning the relevance of option pricing models outside financial markets are the most salient, but carrying out a valuation implies other assumptions, especially on firms’ governance. In particular,...
Persistent link: https://www.econbiz.de/10010905233
This paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems in Europe. One share-one vote encourages the selection of an efficient management team. Families are the...
Persistent link: https://www.econbiz.de/10010707890
Despite a large body of literature on the topic and the continuously improving understanding of professionals, real options are not widely used to value firms. Numerous assumptions have been raised to explain the various obstacles to their adoption. Limits concerning the relevance of option...
Persistent link: https://www.econbiz.de/10010708117
Persistent link: https://www.econbiz.de/10010905331
Persistent link: https://www.econbiz.de/10010708145
performance subséquente de la firme. Sur la base des données portant sur la rémunération des dirigeants de 101 entreprises cotées …'endettement et de dividende, s'avèrent négatives et significatives. S'agissant de la relation stock-options/performance, nos … performance de l'entreprise, mesurée par le Q de Tobin et le ROA. Ainsi, nos résultats semblent confirmer les prédictions des …
Persistent link: https://www.econbiz.de/10011072255
external governance mechanisms are relevant to explain the simultaneous influences between financial performance, risk …
Persistent link: https://www.econbiz.de/10010905162
Persistent link: https://www.econbiz.de/10010706616
Persistent link: https://www.econbiz.de/10010706744