The recent ABI Report on the labour market in the financial industry shows that in Europe large banks have faced the need to cut the cost income ratio, aiming to reduce the branch network and distribution costs. In human resources management, the crisis has brought about a redefinition of...

The financial crisis has highlighted the issue of compensation of managing directors. In Italy, the Central Bank has taken action to avoid banks’ crises in deep contrast with the high level of managers’ compensations. With specific rules the Bank of Italy has granted to the shareholders’...

After the financial crisis, there has been considerable debate about the role of corporations in society. It has become broadly accepted that corporations - particularly the world's largest publicly traded corporations – need to be governed with respect for the society and the environment....

In contrast to the recent past, there is now widespread concern about the apparent excesses of some pay structures in corporate businesses. Top pay has risen much faster than average levels of pay in the last twenty years. This is in part the consequence of globalisation and developments in...

We propose an intuitive and simple-to-implement empirical classification of management models, based on whether agency issues are tackled by hierarchical monitoring or incentive contracts. The analysis of granular data from a large sample of Italian private firms reveals that the adoption of...

The aim of the paper is to test two hypotheses: on one hand, the aim is to analyse if firm’s executive rewards can be explained just by the hierarchical structure of the firm (Model One) while on the other we want to study the correlation between the level of Chief Executive Officer (CEO)...

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...