number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than … general managers. Using panel data on senior management positions, we explore the relationship between changes in executive … team composition, firm diversification, and IT investments - which arguably alter returns to exploiting synergies through …

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has … contributed to the rise in executive pay in Germany. Lastly, we show that CEOs in the banking sector are provided with incentives …

bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …

mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer …This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans. …

of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests … received much attention, but is consistent with many of the facts, is selection. Managers and industry specialists may have … information about a firm?s prospects that is unavailable to outside investors. In order to induce managers to be truthful about …

not been examined by the emerging literature on managerial incentives in transition economies. This paper is the first … predictions from the tournament theory to the context of transition economies in which state ownership still plays a significant …