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Purpose – This paper develops a discussion looking at whether CEO and Executive Director Remuneration have an impact on Firm Performance. Design/methodology/approach – This study entails Australia, The United States of America and The United Kingdom. The data collected is from public listed...
Persistent link: https://www.econbiz.de/10014175078
We model a multidivisional firm as a three-tier economic organization. The larger the number of divisions, the lower is the owner's capacity to monitor delegated managers. We show how resultant misaligned managerial incentives can translate into differences in employee incentive schemes between...
Persistent link: https://www.econbiz.de/10014046269
Efforts to control bank risk address the wrong problem in the wrong way. They presume that the financial crisis was caused by CEOs who failed to supervise risk-taking employees. The responses focus on executive pay, believing that executives will bring non-executives into line — using...
Persistent link: https://www.econbiz.de/10013035251
We develop a structural industry equilibrium model to show how competitive CEO-firm matching and product markets jointly determine firm value and CEO pay. We analytically derive testable implications for the effects of product market characteristics on firm size, CEO pay, and CEO impact on firm...
Persistent link: https://www.econbiz.de/10012986527
Persistent link: https://www.econbiz.de/10012953260
Stakeholders are increasingly concerned with the social and environmental impacts of modern corporations. These concerns have led to directly incentivizing CEOs by making their pay contingent on ESG outcomes. In this paper, we propose to examine the implications of ESG-linked pay on the CEO...
Persistent link: https://www.econbiz.de/10013293784
Despite the Founding Fathers' careful planning, the reason for the public's lack of confidence in Congress is that elections, like the institutional checks and balances of federalism and separation of powers, are necessary but not sufficient to ensure that Congress acts in the best interests of...
Persistent link: https://www.econbiz.de/10013132927
Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in … the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their … performance pay jobs as an adjustment mechanism and that performance pay moderates their wages. Using German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10014342988
Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in … the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their … performance pay jobs as an adjustment mechanism and that performance pay moderates their wages. Using German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10014368278
Persistent link: https://www.econbiz.de/10010257004