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Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011308423
Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011526742
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Executive compensation has an extensive research history. Although agency theory is an important theoretical framework used in this research, the failure to find a link between performance and compensation has stimulated the development and application of other theoretical lenses originating in...
Persistent link: https://www.econbiz.de/10013103618
This study examines the agency costs of corporate lobbying by exploring the relation between lobbying and excess CEO …-lobbying firms, after controlling for standard economic determinants of pay. The relation between lobbying and CEO pay increases with …-in-difference, propensity-score matched analysis suggests significant increases in CEO pay levels around firms' initial lobbying engagements …
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