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Germany and the United States are generally seen as the two competing systems of corporate governance. In search for a comparative welfare analysis of the financial systems, we are interested in (i) the aggregate value-added of corporate investments in the two countries and in (ii) the...
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the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …
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the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …
Persistent link: https://www.econbiz.de/10009508092
the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …
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