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Baum, Alex; Hale, Robert; Morfit, Mason; Larcker, David F. - 2017

Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...

Persistent link: https://www.econbiz.de/10011870307

Uncapping Executive Pay

Doran, Michael - 2017

This article sets out the case for repealing the $1 million tax cap on executive pay. The cap is easily avoided and, when not avoided, widely ignored. Since enactment in 1993, the cap has had little effect in reducing executive pay or in linking pay to performance. Even worse, the cap increases...

Persistent link: https://www.econbiz.de/10012965067

On the internationalization of corporate boards

Oxelheim, Lars; Gregorič, Aleksandra; Randøy, Trond; … - 2013

Despite the global reach of their commercial activities, many multinational firms have proved slow in internationalizing their boards of directors. Based on a panel study of the internationalization of the boards of 347 non-financial firms from the Nordic countries, we find a higher fraction of...

Persistent link: https://www.econbiz.de/10009737665

Determinants of director compensation in two-tier systems : evidence from German panel data

Andreas, Jörn Michael; Rapp, Marc Steffen; Wolff, Michael - 2010

Building on a unique panel data set of German Prime Standard companies for the period 2005-2008, this paper investigates the influencing factors of both director compensation levels and structure, i.e. the probability of performance-based compensation. Drawing on agency theory arguments and...

Persistent link: https://www.econbiz.de/10008660025

Executive Compensation Consultants

Bender, Ruth - 2011

Remuneration consultants are an integral part of the process of determining executive pay in large listed companies …

Persistent link: https://www.econbiz.de/10013128348

Are Dissenting Directors Rewarded?

Marshall, Cassandra D. - 2011

I explore whether directors who resign in dissent from their board are rewarded in the labor market for directors. Using a hand collected sample of 278 boardroom disputes reported in 8-K filings during 1995-2006, I show that firms which have disputes are small, highly levered, have poor...

Persistent link: https://www.econbiz.de/10013133018

Aktuelle Entwicklungen bei der Aufsichtsratsvergütung (Current Trends in the Compensation of Non-Executive Directors in Germany)

Metzner, Yves - 2012

We document three current trends in the compensation of non-executive directors in Germany. First, firms increasingly use performance-insensitive variable pay components, like committee and attendance fees. Second, this comes at the expense of performance-oriented variable pay components, which...

Persistent link: https://www.econbiz.de/10013098535

On the Internationalization of Corporate Boards

Oxelheim, Lars - 2014

Persistent link: https://www.econbiz.de/10013064668

Corporate Lobbying and CEO Pay

Skaife, Hollis Ashbaugh - 2013

This study examines the agency costs of corporate lobbying by exploring the relation between lobbying and excess CEO compensation. We show that CEOs of firms engaged in lobbying earn significantly greater compensation levels compared to CEOs in non-lobbying firms, after controlling for standard...

Persistent link: https://www.econbiz.de/10013074468

The Relationship between Institutional Investor and Remuneration in Family Firm

Jaafar, Syaiful Baharee - 2016

remaining board motivation higher remuneration should be awarded especially to family executive due to top position is among … them. This study examined the relationship between the institutional investor and remuneration in family firm. Based on the … study finds a significant positive relationship between the institutional investor and remuneration, which is suggests the …

Persistent link: https://www.econbiz.de/10013000862