During the last decade, a surprisingly high percentage of U.S. companies has fulfilled or beatenanalysts´ earnings per share forecasts. One of the most frequently cited reasons for this growingtendency is a change in the nature of U.S. executive compensation structure. As stock options...

Executive pay and corporate governance issues continue to attract wide academic, media and policy attention. The very high salaries enjoyed by senior executives in corporations in some economies are often contrasted with the relatively low pay received by executives in other economies. The case...

Der Beitrag widmet sich der Effizienzerhöhung der Arbeit der Aufsichtsräteund soll zeigen, dass neben strukturellen auch verhaltensorientierteKriterien die Effizienz entscheidend beeinflussen. Besonderes Augenmerkwird auf den Beitrag der Unternehmensmitbestimmung zumUnternehmensergebnis gelegt.

The relationship between CEO pay and performance has been much analyzed in themanagement and economics literature. This study analyzes the structure of executivecompensation in family and non-family firms. In line with predictions of agency theory, it isfound that the share of base salary is...

We document that an increasing fraction of jobs in the U.S. labor market explicitly payworkers for their performance using bonuses, commissions, or piece-rates. We find thatcompensation in performance-pay jobs is more closely tied to both observed (by theeconometrician) and unobserved productive...

Um dem steigenden Wettbewerbsdruck standhalten und den veränderten Kundenwünschennachkommen zu können, wandeln sich viele Industrieunternehmen vom klassischen Produktzumumfassenden Lösungsanbieter, d.h. zum Erzeuger und Vermarkter so genannter hybriderProdukte.In diesem Arbeitspapier stehen...

Die Zeitarbeit in Deutschland ist in denletzten Jahren deutlich gewachsen. Als Triebkräftedieser Zunahme wirken nicht nurkonjunkturelle Entwicklungen, sondern auchdie Lockerung rechtlicher Regelungen zurArbeitnehmerüberlassung, veränderte betrieblicheEinsatzstrategien sowie das...

We model deferred compensation as a share of an uncertain futureprofit granted by a financially constrained employer to her employeein mutual agreement. Deferred compensation serves as a retentionmechanism, helping the employer to avoid bankruptcy. The optimalcombination of cash and deferred...

We present a model where compensation within a workteam is determinedendogenously by the use of a rank-order tournament. Team memberscompete in their efforts for the right to propose the distribution of a prizewithin the team. The implementation of a proposal requires the approvalof other team...