There is common consensus that managerial compensation is strongly tied to firm size and much less so to financial performance. One suspects that observed restructuring and downsizing in corporations in recent years may have an effect on these results. Based on multi-task theoretical...

Agency theory assumes a potential conflict of interest between principal and agent. Principals provide incentives to agents to influence agents' behaviour in the interest of the principal. In practice, incentive systems are dominanted by financial incentives and consist of fixed and performance...

Der vorliegende Forschungsbericht liefert empirische Erkenntnisse darüber, welche Wahrnehmung von Unternehmenskommunikation beim Top-Management einerseits und bei Kommunikationsverantwortlichen andererseits vorherrschen. Gemeinsamkeiten und Unterschiede werden identifiziert und diskutiert....

We examine the impact of performance groups on the estimation of the relative importance of firm, industry and other effects on corporate performance. Performance groups comprise firms from the same industry with a similar performance over a longer period of time. We present a statistical method...