result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a … relationship between pay and firm performance since the 1930s. Our review suggests that both managerial power and competitive …

the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …

importance and considerable power within the organization. By adopting a contingency perspective and drawing on the coalitional …-type strategies but not by its degree of internationalization. -- Power/resource dependency theory ; top management team ; finance … function ; chief financial officer ; organizational politics and power ; diversification ; generic business level strategies …

the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …