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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010294492
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010291414
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Self-Sorting, Incentive Compensation, and Human-Capital Assets
Abdel-Khalik, A. Rashad - 2014
Skilled labour has gained significance as a production factor in the age of information technology, but accounting does not recognize human capital as an asset that contributes to the firm's earning power. This paper suggests a method to develop a latent index to proxy the managerial-skill...
Persistent link: https://www.econbiz.de/10014096640
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Testing for distortions in performance measures : an application to residual income based measures like economic value added
Sloof, Randolph; Praag, Mirjam van - 2014
Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical test developed by Courty and Marschke (2008) to detect whether the widely used class of Residual Income based...
Persistent link: https://www.econbiz.de/10010350010
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A Role-Specific Perspective on Managerial Succession : The Case of New CFO Origin
Buettner, Volker - 2013
Our paper contributes to the literature on executive successors other than the CEO by adding empirical evidence for CFO succession. We propose that the selection of outside successors may be contingent on the succession context and on the type of managerial role. We postulate that...
Persistent link: https://www.econbiz.de/10013074548
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Directors' Remuneration : A Comparison of Italian and Uk Non-Financial Listed Firms' Disclosure
Melis, Andrea - 2018
as the demand for information from investors and the need for legitimacy. It finds that the level of voluntary disclosure … the demand for information, estimated with the level of ownership diffusion, and the need for legitimacy generated by poor … legitimacy generated by media coverage. This study also provides evidence that, in both countries, the information disclosed in …
Persistent link: https://www.econbiz.de/10012908519
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CEO Big Five Personality and Stock Price Crash Risk
Liu, Ming - 2019
This study investigates whether CEO Big Five personalities (i.e., agreeableness, conscientiousness, extraversion, neuroticism and openness) are associated with stock price crash risk. The Big Five can influence managerial behaviors to withhold or release bad news. When the amount of withheld...
Persistent link: https://www.econbiz.de/10012895357
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Compensation Duration, Shareholder Governance, and Managerial Short-Termism
Zheng, Ronghuo - 2018
In this paper, I investigate the interaction between the duration of executive compensation and shareholder governance. I show that short-term compensation can elicit shareholder intervention and thus enhance firm value. The central mechanism is that the use of short-term incentives enables...
Persistent link: https://www.econbiz.de/10012935266
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Managerial Compensation and Stock Price Manipulation
Schroth, Josef - 2018
This paper studies the role of optimal managerial compensation in reducing uncertainty about manager reporting objectives. It is shown that, paradoxically, firm owners allow managers with higher propensity to manipulate the short-term stock price to push for higher-powered and more short-term...
Persistent link: https://www.econbiz.de/10012938535
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Managerial Compensation and Stock Price Manipulation
Schroth, Josef - 2019
This paper studies the role of optimal managerial compensation in reducing uncertainty about manager reporting objectives. It is shown that, paradoxically, firm owners allow managers with higher propensity to manipulate the short‐term stock price to push for higher powered and more...
Persistent link: https://www.econbiz.de/10012871713