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Performance des Grands Groupes et Stratégies de rétribution des dirigeants

TREPO, Georges; ROUSSEL, Patrice - HEC Paris (École des Hautes Études Commerciales) - 1999

In today's managerial world (corporate governance, shareholders' wealth maximization, agency theory) how are CEOs paid in the 700 layest French firms ? What are the various components of total compensation: fixed camp, bonus fringes, stock options ? What parties influence the mix and amounts :...

Persistent link: https://www.econbiz.de/10005057414

CEO Bonding: Who Posts Performance Bonds and Why?

Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012

Despite their theoretical value in tackling principal-agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine their incidence and test propositions from...

Persistent link: https://www.econbiz.de/10010535360

What do we know about China's CEO's?: evidence from across the whole economy

Bryson, Alex; Zhou, Minghai - London School of Economics (LSE) - 2012

All that we know about the CEO labour market in China comes from studies of public listed companies and state-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all sectors of the Chinese economy. We do so using World Bank enterprise data...

Persistent link: https://www.econbiz.de/10010745536

Extending the managerial power theory of executive pay: A cross national test

Otten, Jordan J.A.; Heugens, Pursey P.M.A.R - Volkswirtschaftliche Fakultät, … - 2007

Contextual factors are typically neglected in both theorizing and empirical tests on executive pay. The fast majority of empirical investigations use data from U.S. based firms. Theoretical implications are typically developed, understood and tested on the basis of the U.S. context. However, the...

Persistent link: https://www.econbiz.de/10005621578

What Do We Know About China's CEO's? Evidence from Across the Whole Economy

Bryson, Alex; Forth, John; Zhou, Minghai - Centre for Economic Performance, LSE - 2012

Persistent link: https://www.econbiz.de/10010700445

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

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

Corporate voluntary disclosure and the separation of cash flow rights from control rights

Lee, Kin-Wai - In: Review of Quantitative Finance and Accounting 28 (2007) 4, pp. 393-416

We find that corporate voluntary disclosure is negatively associated with the separation of cash flow rights from control rights. This result is consistent with the notion that as the separation of cash flow rights from control rights increases, controlling owners have larger incentives to...

Persistent link: https://www.econbiz.de/10005808825

The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002

mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …

Persistent link: https://www.econbiz.de/10011092291

Who's Going Green and Why? Trends and Determinants of Green Investment

Eyraud, Luc; Zhang, Changchang; Wane, Abdoul Aziz; … - International Monetary Fund (IMF) - 2011

This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset...

Persistent link: https://www.econbiz.de/10009401202