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Power, rent extraction, and executive compensation
Bebchuk, Lucian; Fried, Jesse - In: CESifo Forum 3 (2002) 3, pp. 23-28
Persistent link: https://www.econbiz.de/10004998677
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Peer choice in CEO compensation
Albuquerque, Ana M.; De Franco, Gus; Verdi, Rodrigo S. - In: Journal of Financial Economics 108 (2013) 1, pp. 160-181
Current research shows that firms are more likely to benchmark against peers that pay their Chief Executive Officers (CEOs) higher compensation, reflecting self serving behavior. We propose an alternative explanation: the choice of highly paid peers represents a reward for unobserved CEO talent....
Persistent link: https://www.econbiz.de/10010635947
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10010635587
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Bonus Culture: Competitive Pay, Screening, and Multitasking
Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10011083769
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Managerial Power and Rent Extraction in the Design of Executive Compensation
Bebchuk, Lucian Arye; Fried, Jesse; Walker, David I - C.E.P.R. Discussion Papers - 2002
constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …
Persistent link: https://www.econbiz.de/10005114260
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Executive Compensation as an Agency Problem
Bebchuk, Lucian Arye; Fried, Jesse - C.E.P.R. Discussion Papers - 2003
instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …
Persistent link: https://www.econbiz.de/10005662270
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Analyse der Konformitätskosten – dargestellt am Beispiel des Kundenservice eines Versandhandelsunternehmens
Hoeck, Michael - In: Metrika 18 (2007) 1, pp. 61-82
context different costs of service quality are portrayed. In addition, benchmarking via Data Envelopment Analysis (DEA) is …
Persistent link: https://www.econbiz.de/10010995057
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La retribución de la distribución de electricidad en España y el modelo de red de referencia/The Remuneration of Electricity Distribution in Spain and the Reference Network Model...
GÓMEZ, TOMÁS; MATEO, CARLOS; SÁNCHEZ, ÁLVARO; … - In: Estudios de Economía Aplicada 29 (2011) Agosto, pp. 661-661
El Real Decreto 222/2008 estableció un nuevo modelo retributivo para la actividad de la distribución de la energía eléctrica en España. En esta normativa se contempla la utilización de un modelo de red para fijar algunos de los parámetros que intervienen en la fórmula retributiva de cada...
Persistent link: https://www.econbiz.de/10009293438
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The Process of Education of OSH Services and Organization Development
Znajmiecka-Sikora, Marta; Boczkowska, Katarzyna - In: International Advances in Economic Research 18 (2012) 3, pp. 321-330
Contemporary business is characterised, first and foremost, by quickly growing competition, rapid changes in customer preferences, and constant pressure for innovations and cost effectiveness. That creates a difficult work environment, with occupational safety and health (OSH) management...
Persistent link: https://www.econbiz.de/10010989391
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CEO bonus compensation: the effects of missing analysts’ revenue forecasts
Edmonds, Christopher; Leece, Ryan; Maher, John - In: Review of Quantitative Finance and Accounting 41 (2013) 1, pp. 149-170
We investigate the incremental contract relevance of analysts’ revenue forecasts while controlling for earnings forecasts and find CEOs receive smaller bonuses when missing analysts’ annual and quarterly revenue expectations. Our results support the link between the value relevance of the...
Persistent link: https://www.econbiz.de/10010989619