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increased wage comparisons within firms with geographically-dispersed managers — firms with the greatest information frictions … prior to the rule change. We report three changes related to compensation after 1992 for division managers. First, within … firms with dispersed managers, division manager pay co-moves more with peer pay and is less sensitive to individual …
Persistent link: https://www.econbiz.de/10013082812
The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...
Persistent link: https://www.econbiz.de/10011414006
The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...
Persistent link: https://www.econbiz.de/10013320383
imbalance between managers and shareholders. A comparative analysis of the kind undertaken in our study provides an additional …
Persistent link: https://www.econbiz.de/10012857530
A straightforward comparison between the compensation levels in the American S&P 500 and the Swedish companies on the Stockholm Nasdaq-OMX Large and Mid-cap segments shows that the American CEOs receive a considerably higher compensation compared to the Swedish. This result remains after...
Persistent link: https://www.econbiz.de/10013142203
This study investigates dynamics and convergence in CEO pay in Australias largest corporations over an 18 year period. Utilizing dynamic panel estimators, we find that CEO pay is driven by dynamic adjustments, firm size, board size, CEO tenure and firm performance. The largest pay-performance...
Persistent link: https://www.econbiz.de/10009562228
This paper analyses the regulatory framework which applies to the determination of directors' remuneration in Europe and the extent to which European firms follow best practices in corporate governance in this area, drawing on an empirical analysis of the governance systems which European firms...
Persistent link: https://www.econbiz.de/10013158967
This study offers the first investigation of dynamics and convergence in CEO total, bonus and long-term incentive pay in Australia’s largest corporations. Utilizing dynamic panel estimators, we find robust evidence of the dynamic nature of CEO pay determination. CEO pay is positively...
Persistent link: https://www.econbiz.de/10014171042
This study used data from the German Socio-economic Panel to examine gender differences in the extent to which self-reported subjective well-being was associated with occupying a high-level managerial position in the labour market,compared with employment in nonleadership, non-high-level...
Persistent link: https://www.econbiz.de/10008825923
Directors' remuneration is a key issue for both academics and policymakers. It has caused enormous controversy in recent years. This study uses a comprehensive index to analyse the disclosure of directors' remuneration in Italian and UK listed firms. It finds that the level of voluntary...
Persistent link: https://www.econbiz.de/10012908519