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Executive compensation : facts
Clementi, Gian Luca; Cooley, Thomas F. - 2010 - This version: October 6, 2009
strongly to innovations in shareholder wealth; measured as dollar changes in compensation, incentives have strengthened over …
Persistent link: https://www.econbiz.de/10008732068
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Countering moral hazard in higher education : the role of performance incentives in need-based grants
Montalbán, José - 2019
Persistent link: https://www.econbiz.de/10012024215
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In-kind incentives and health worker performance : experimental evidence from El Salvador
Bernal, Pedro; Martinez, Sebastian - 2018
been tested, with mixed results. This study experimentally evaluates the effects of team in-kind incentives on health …-kind incentives linked to performance over a 12-month period. All 75 teams received monitoring, performance feedback and recognition … exhibit improvements in performance measures over time, the in-kind incentives generated significant improvements in community …
Persistent link: https://www.econbiz.de/10011959261
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The Impact of a Break-Through Rule on European Firms
Bennedsen, Morten; Nielsen, Kasper - 2002
We analyze the impact of a 75 pct. Break-Through rule on 1,035 European firms with dual class shares. In 3-5 pct. of the firms the controlling owners incur a direct loss of control, whereas in additional 11-17 pct. of the firms the controlling owners are likely to incur a control loss. Firms in...
Persistent link: https://www.econbiz.de/10012142260
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The Principle of Proportionality: Separating the Impact of Dual Class Shares, Pyramids and Cross-ownership on Firm Value Across Legal Regimes in Western Europe
Bennedsen, Morten; Meisner, Kasper, Nielsen - 2006
Recent policy initiatives within the harmonization of European company laws have promoted a so-called "principle of proportionality" through proposals that regulate mechanisms opposing a proportional distribution of ownership and control. We scrutinize the foundation for these initiatives by...
Persistent link: https://www.econbiz.de/10012142316
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European takeover law : the case for a neutral approach
Enriques, Luca - 2010
promoting the good ones. Further, contestability of control is not cost-free, because it has a negative impact on managers’ and … block-holders’ incentives to make firm-specific investments of human capital, which in turn affects firm value. It is thus …-hostile,” protectionist national regulations, opt-out rules protecting shareholders vis-à-vis managers’ and dominant shareholders’ opportunism …
Persistent link: https://www.econbiz.de/10008728815
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An attempt to disperse the Italian interlocking directorship network : analyzing the effects of the 2011 reform
Drago, Carlo; Ricciuti, Roberto; Santella, Paolo - 2015
The purpose of this paper is to analyze the effects on the Italian directorship network of the corporate governance reform that was introduced in Italy in 2011 to prevent interlocking directorships in the financial sector. Interlocking directorships are important communication channels among...
Persistent link: https://www.econbiz.de/10011348901
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Disentangling the effect of private and public cash flows on firm value
Scherrer, Cristina Mabel; Fernandes, Marcelo - 2016
This paper presents a simple model for dual-class stock shares, in which common shareholders receive both public and private cash flows (i.e. dividends and any private benefit of holding voting rights) and preferred shareholders only receive public cash flows (i.e. dividends). The dual-class...
Persistent link: https://www.econbiz.de/10011523988
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A model of tournament incentives with corruption
Wang, Bin; Zheng, Yu - 2018
for high-powered incentives to elicit effort from the the officials. However, this is at odds with the generally low …
Persistent link: https://www.econbiz.de/10011907238
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The wage incentive to management : a comparison across European economies
Biagetti, Marco; Leonida, Leone; Scicchitano, Sergio - 2012
We define the wage incentive to management as the wage premium the manager earns because of his/her supervising role. We adopt an approach based on what if questions and estimate the premium at different quantiles of the distribution of wages for 26 European economies. To ease comparisons we...
Persistent link: https://www.econbiz.de/10009427075