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Børsum, Øystein - 2010

tied to firm performance, because only a worker in a good quality firm would be willing to defer compensation to an … to defer compensation to an uncertain future, getting paid only if the firm succeeds. Moreover, in an important pooling …

Persistent link: https://www.econbiz.de/10010285589

Optimal Incentive Contracts when Workers envy their Boss

Dur, Robert; Glazer, Amihai - 2004

A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the worker's participation constraint and so calls...

Persistent link: https://www.econbiz.de/10010325487

Optimal incentive contracts for a worker who envies his boss

Dur, Robert; Glazer, Amihai - 2004

A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of his employer. This paper uses a principalagent model to...

Persistent link: https://www.econbiz.de/10010261264

CEO compensation, firm size and firm performance: Evidence from Finnish panel data

Mäkinen, Mikko - 2007

-level compensation data in 1996-2002. We find robust evidence that CEO average compensation has increased substantially between 1996 and … 2002. For example, the ratio between CEO and industrial worker mean total compensation was 7 in 1996, peaked at 24 in 2000 …, and thereafter dropped to 13 in 2002. We argue that the change in CEO compensation, and especially in total compensation …

Persistent link: https://www.econbiz.de/10010333064

Learning from the past: trends in executive compensation over the twentieth century

Frydman, Carola - 2008

decades. In this article, I review the main proposed theories, which span views of compensation as the result of a competitive …

Persistent link: https://www.econbiz.de/10010264485

Executive compensation, firm performance, and chaebols in Korea: evidence from new panel data

Kato, Takao; Kim, Woochan; Lee, Ju Ho - 2005

firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide … information not only on executive compensation and firm performance but also on Chaebol affiliation) for 246 firms that were … governance and the structure of Korean executive compensation is considerably different from elsewhere in the West, we find that …

Persistent link: https://www.econbiz.de/10010267324

The perils of altering incentive plans: A case study

Kauhanen, Antti - 2011

subsequently cut the incentive intensity in addition to increasing the target. Utilizing monthly panel data for 54 months for all …

Persistent link: https://www.econbiz.de/10010326903

Determinanten der Vorstandsvergütung: Eine empirische Untersuchung der deutschen Prime-Standard-Unternehmen

Rapp, Marc Steffen; Wolff, Michael - 2010

Basierend auf einem neuen, die deutschen Prime-Standard-Unternehmen für die Jahre 2005 bis 2007 umfassenden Datensatz untersuchen wir die Determinanten der Höhe der Vorstandsvergütung. Dabei unterscheiden wir drei Kategorien möglicher Einflussfaktoren: Unternehmens-, Performance- und...

Persistent link: https://www.econbiz.de/10010305722

Executive compensation, firm performance, and corporate governance in China: evidence from firms listed in the Shanghai and Shenzhen stock exchanges

Kato, Takao; Long, Cheryl - 2005

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … compensation and ownership structure, we find for the first time statistically significant sensitivities and elasticities of annual … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …

Persistent link: https://www.econbiz.de/10010267302

CEO turnover, firm performance and enterprise reform in China: evidence from new micro data

Kato, Takao; Long, Cheryl - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

Persistent link: https://www.econbiz.de/10010274393

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