Incentive compensation is a central concern in the relationship between the Chief Executive Officer (CEO) and the board of directors and between the CEO and shareholders. This book presents a focus on four key themes that are salient to the current debate on the consequences and determinants of...

Diese Studie simuliert eine Nachfolgerauswahl im Familienbetrieb, die mit Familienunternehmern und unabhängigen Personalberatern durchgeführt wurde. Die Erkenntnisse zeigen, dass die strategischen Rahmenbedingungen, in denen eine Nachfolgerauswahl stattfindet, die notwendigen...

It is well documented that students with favourable socio-economic and educational characteristics more often take advantage of international mobility opportunities. We explore whether the effect of ISM on professional success depends on selection into ISM (educational achievements, family...

We investigate the (unintended) effects of bank executive compensation regulation. Capping the share of variable compensation spurred average turnover rates driven by CEOs at poorly performing banks. Other than that, banks' responses to raise fixed compensation sufficed to retain the vast...

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...

A substantial number of empirical studies on the linear relationship between executive compensation and firm performance for European firms suggest that the pay-performance sensitivity is not significantly positive. We argue that a nonlinear structure fits the data better, because compensation...