Showing 1 - 10 of 2,398
We study the market for CEOs of large publicly-traded US firms, analyze new CEOs' prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...
Persistent link: https://www.econbiz.de/10012546976
-wage profile is much steeper than in domestic firms, especially for managers as opposed to blue-collar workers. Second, the higher … lifetime wage income for managers in internationally active firms relies on the stronger accumulation of experience that these …
Persistent link: https://www.econbiz.de/10012249047
-wage profile is much steeper than in domestic firms, especially for managers as opposed to blue-collar workers. Second, the higher … lifetime wage income for managers in internationally active firms relies on the stronger accumulation of experience that these …
Persistent link: https://www.econbiz.de/10012249457
extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis. …
Persistent link: https://www.econbiz.de/10009754706
In diesem Aufsatz untersuchen wir das Wachstum der Vorstandsvergütung in den vergangenen 15 Jahren und stellen uns die Frage, wie sich die Vorstandsvergütung in der Zukunft entwickeln könnte. Wir vermuten, dass die Einführung von Long-Term-Incentives (LTI) in Form von Aktienoptionsplänen,...
Persistent link: https://www.econbiz.de/10008939163
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10003225965
Despite its potential role, CEO quality has been inadequately addressed in CEO compensation research. Using an Australian sample of 571 firms, this paper provides evidence that CEO quality, measured by CEO reputation and tenure, has a positive effect on firm performance, and explains...
Persistent link: https://www.econbiz.de/10013130322
We examine the effect of say on pay regulation in the United Kingdom (UK). Consistent with the view that shareholders regard say on pay as a value-creating mechanism, the regulation's announcement triggered a positive stock price reaction at firms with weak penalties for poor performance. UK...
Persistent link: https://www.econbiz.de/10013134605
This paper analyzes the effects of managerial compensation and reputation concerns on earnings manipulation. I develop a model of earnings reporting in which a privately informed manager trades-off incentives to manipulate earnings which increases his compensation against incentives to be honest...
Persistent link: https://www.econbiz.de/10013115659
increased wage comparisons within firms with geographically-dispersed managers — firms with the greatest information frictions … prior to the rule change. We report three changes related to compensation after 1992 for division managers. First, within … firms with dispersed managers, division manager pay co-moves more with peer pay and is less sensitive to individual …
Persistent link: https://www.econbiz.de/10013082812