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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
and coordination of activities works. It is based empirically on interviews with consultants and managers of consulting …
Persistent link: https://www.econbiz.de/10014044423
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
Persistent link: https://www.econbiz.de/10013268873
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
We study the association between chief financial officer (CFO), compared to chief executive officer (CEO), outside board directorships and their home firm strategic investments, capital management, and overall performance. Using a sample of firms from 2003-2014, we find only about nine percent...
Persistent link: https://www.econbiz.de/10013251642
In this chapter, we analyse current trends in the regulation and practice of executive remuneration. No doubt, the role of regulation in this area is on the rise, particularly after the recent financial crisis, and the standards as to pay governance and structures are spreading from the...
Persistent link: https://www.econbiz.de/10013045689
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 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