We define the wage premium to supervision (WPS) as the extra wage that supervisors earn relative to their subordinates, and estimate it at different quantiles of wage distribution for 26 European economies, comparatively focusing on the UK. We find that, by compensating supervisory positions...

The analysis of wage distribution has attracted scholars from different disciplines seeking to develop theoretical arguments to explain the upward or downward trend. In particular, how the middle management wage premium changes in different contexts is a relatively neglected area of research....

In this paper, we study the impact of the executive ownership on the probability of adopting an excess cash policy in the UK over the period 1990-2007. We provide a new approach to identify firms which adopt an excess cash policy and we distinguish between executive and non executive ownership....