In the UK, the top executive remuneration policy is not geared towards the creation of value but compensation revisions are rather driven by changes in corporate size, measured by sales growth. This suggests that managing larger firms requires special managerial skills. Even in UK companies with...

Seit dem Gerichtsurteil zu den sachlich ungerechtfertigten Prämienzahlungen an das ehemalige Top-Management der Mannesmann AG werden Fragen der Entlohnungsgerechtigkeit in der Öffentlichkeit breit diskutiert. Hintergrund sind stark gestiegene Spitzengehälter von Managern in einer Zeit...

As it is widely believed that the behaviour of large Japanese companies is different from that of their British counterparts, hypothesises that the directors in both countries may have different financial incentives. The research estimates the determinants of executive compensation, using the...