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Corporate Governance und Unternehmenserfolg - Eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutsche...
Steinbrecher, Johannes - 2016
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011698354
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Determinants of director compensation in two-tier systems: evidence from German panel data
Andreas, Jörn Michael; Rapp, Marc Steffen; Wolff, Michael - 2010
-based compensation. Drawing on agency theory arguments and previous literature, we analyze a comprehensive group of determinants …, we find director compensation to be set in ways consistent with optimal contracting theory. I.e. compensation is …
Persistent link: https://www.econbiz.de/10010305725
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Executive compensation and the susceptibility of firms to hostile takeovers. An empirical investigation of the U.S. oil industry
Nowak, Eric; Haid, Michael H. - 1999
We investigate the suggested substitutive relation between executive compensation and the disciplinary threat of takeover imposed by the market for corporate control. We complement other empirical studies on managerial compensation and corporate control mechanisms in three distinct ways. First,...
Persistent link: https://www.econbiz.de/10010316286
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Do Entrenched Managers Pay Their Workers More?
Cronqvist, Henrik; Heyman, Fredrik; Nilsson, Mattias; … - 2005
find that entrenched managers pay their workers more. For example, our estimates show that CEOs with more control rights … as evidence of agency problems between shareholders and managers affecting workers' pay. The findings do not appear to be … with an agency model in which entrenched managers pay high wages because they come with private benefits, such as lower …
Persistent link: https://www.econbiz.de/10010320116
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Regulation, subordinated debt, and incentive features of CEO compensation in the banking industry
John, Kose; Mehran, Hamid; Qian, Yiming - 2007
We study CEO compensation in the banking industry by considering banks’ unique claim structure in the presence of two types of agency problems: the standard managerial agency problem and the risk-shifting problem between shareholders and debtholders. We empirically test two hypotheses derived...
Persistent link: https://www.econbiz.de/10010283351
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The Effect of Board Composition and Managerial Pay on Saudi Firm Performance
Al-Faryan, Mamdouh Abdulaziz Saleh - In: Review of Quantitative Finance and Accounting (2021) Online first articles
Using five empirical methodologies to account for endogeneity issues, this study investigates the effects of board independence and managerial pay on the performance of 169 Saudi listed firms between 2007 and the end of 2014. Studying board independence and managerial pay utilises the main...
Persistent link: https://www.econbiz.de/10012512947
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When target CEOs contract with acquirers: Evidence from bank mergers and acquisitions
Brewer, Elijah; Jackson, William E.; Wall, Larry D. - 2006
This paper investigates the impact of the target chief executive officer's (CEO) postmerger position on the purchase premium and target shareholders' abnormal returns around the announcement of the deal in a sample of bank mergers during the period 1990-2004. We find evidence that the target...
Persistent link: https://www.econbiz.de/10010292238
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Das Gesetz zur Angemessenheit der Vorstandsvergütung
Koch, Rosemarie; Stadtmann, Georg - 2010
Wir analysieren das Gesetz zur Angemessenheit der Vorstandsvergütung. Ferner arbeiten wir einige aufgrund wirtschaftswissenschaftlicher Überlegungen zu erwartende Probleme heraus und prognostizieren mögliche ökonomische Auswirkungen des Gesetzes. Des Weiteren gehen wir im Rahmen einer...
Persistent link: https://www.econbiz.de/10010303781
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Trade, technologies, and the evolution of corporate governance
Schymik, Jan Simon - 2015
their managers. Increases in managerial reservation wages lead to a reduction in corporate governance investments and a rise … in performance compensation since monitoring managers becomes less efficient. Using data on CEO compensation and …
Persistent link: https://www.econbiz.de/10011350824
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Zur Empfehlung von Abfindungsobergrenzen für Vorstandsmitglieder
Schottmüller-Einwag, Ute; Dilger, Alexander - 2019
In diesem Beitrag wird untersucht, ob Vorstandsabfindungen von börsennotierten Unternehmen durch die Empfehlung 4.2.3 Abs. 4 Satz 1 des Deutschen Corporate Governance Kodex in ihrer Höhe begrenzt werden. Die Analyse umfangreicher empirischer Daten zu Entsprechenserklärungen aller...
Persistent link: https://www.econbiz.de/10012008612