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Complementarity between performance pay and other organizational design elements has been argued to be one potential explanation for stark differences in the observed productivity gains from performance pay adoption. Using detailed data on internal organization for a nationally representative...
Persistent link: https://www.econbiz.de/10012219318
According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their controlget paid for luck. In this paper, I find that the independence requirement imposed on boards of directors by the...
Persistent link: https://www.econbiz.de/10003721284
This M.A. dissertation presents a study of the influence of financial distress on CEO compensation in the United States. It focuses on the four main components of executive compensation: salary, bonus, restricted stock and stock options. More specifically, I apply linear regression to panel data...
Persistent link: https://www.econbiz.de/10012944997
This paper is a summary of the findings of analyzing pay and performance for the largest 100 companies from 2009-2011 (3 years). Performance is measured by indexed Total Shareholder Return and indexed Operating Cash Flow Growth. CEO total realized pay is used as the pay metric. The research...
Persistent link: https://www.econbiz.de/10013110296
firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10010262364
Using a common methodology, the effects of unions on wage levels and wage dispersion are estimated for two neighboring … countries, Bolivia and Chile, and for the U.S. The analysis shows that unions have broadly similar effects on the wage … distribution within these three economies. The findings suggest that the political economy of unions, coupled with market …
Persistent link: https://www.econbiz.de/10010287658
firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10011333286
unionized employees in North America are women. While early studies of unions and inequality focused on males, recent studies … examine both and reveal striking gender differences. A consistent - and puzzling - finding is that unions reduce wage …, unions reduce economy-wide wage inequality by less than 10% in both countries. However, union impacts on wage inequality are …
Persistent link: https://www.econbiz.de/10011949616
Persistent link: https://www.econbiz.de/10003936335
We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We find that falling behind a naturally occurring reference point for bonus comparisons reduces satisfaction and subsequent performance. The effects tend to be mitigated if...
Persistent link: https://www.econbiz.de/10003941775