Executive compensation is one of the most serious corporate governance issues. The problem with executive compensation is the colossal level of compensation being paid to executives and the way the compensation is being determined. This paper examines whether the personal characteristics of the...

Using German establishment data, we show that the relationship between performance pay and intensity of applicant screening depends on the nature of production. In establishments with increased multitasking, performance pay is associated with a greater intensity of applicant screening. In...