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Efectos de la dispersión retributiva en los resultados de las empresas cotizadas Epañolas : evidencia sobre el modelo del torneo

Sánchez Marín, G. - In: Investigaciones europeas de Dirección y Economía de … 16 (2010) 3, pp. 69-84

performance. This study, based on tournament theory arguments, has attempted to provide new evidences in this line of research …, using a sample of 120 Spanish listed firms. Results, taking into account convex shape in the dispersion-performance … firm performance. -- executive pay dispersion ; tournament theory ; firm performance ; moderating factors …

Persistent link: https://www.econbiz.de/10009958325

Esquemas de incentivos y carteras de inversión innovadoras

Loyola, Gino; Portilla, Yolanda - In: Estudios de economía 37 (2010) 1, pp. 43-66

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Persistent link: https://www.econbiz.de/10009959108