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support that employee control facilitates the alliance between managers and employees …This paper examines how direct involvement of employees in corporate governance affects executive compensation. German … employees. For identification, we exploit this discontinuity, a law change which grants employees more influence over …
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This paper provides a brief review of the state of knowledge in the field of agency theory. The managerial power approach assumes that a chief executive officer is able to affect the scale of his or her pay. However, Kaplan (2012) and others see a different picture of the corporate-governance...
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