In three self-contained essays, this dissertation deals with the impact of board structure on firm performance and with determinants of executive compensation, director compensation, and payout policy. Each of the three chapters is based on panel data sets of German firms. Distinguishing...

The purpose of this dissertation thesis is to investigate how changes in the institutional setting have affected the payout policy of German firms. This dissertation thesis further contributes to the literature on event study methodology by analyzing the measurment of abnormal credit default...