CEO remuneration is contentious and so we applaud Jacquart and Armstrong's (2013) systematic evidence-based review. We augment their analysis in two ways. First, we highlight the lack of demonstrated validity of “unaided expert judgment” to set CEO remuneration by pointing out that the...

This study examines the integration of corporate social responsibility (CSR) criteria in executive compensation, a relatively recent practice in corporate governance. We construct a novel database of CSR contracting and document that CSR contracting has become more prevalent over time. We...

This study explores the impact of legal protection level and board characteristics on the structure and the pay-performance sensitivity of CEO compensation. To reach the declared goals this paper is supported by Mann-Whitney test. Data from 12 European countries for the 2016 to 2018 period...

Das Globale schließt das Lokale nicht aus. Der Autor sucht nach der Brücke zwischen nationalem Empfinden und transnationaler Wirklichkeit, d. h. zwischen lokaler und globaler Unternehmensführung. Die Unternehmenskultur und die künftigen Unternehmensziele stellen die Gemeinsamkeit dar, die...

We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 1,892 firm-years from 22 countries over the 2007-2013 period. We find both the levels of CEO compensation as well as the proportion of equity-based compensation...

We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 897 firm-years from 18 countries over the 2007- 2013 period. We find both the levels of CEO compensation as well as the proportion of equity based compensation...

We analyze the effects of optimism and overconfidence when the manager's compensation package includes severance pay and the CEO has bargaining power. We find that optimism does not affect incentive pay but increases severance pay with a negative effect on profit. Overconfidence, on the...