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Over the recent decades, the USA has witnessed major changes in corporate governance partly due to an overall increase … increased in Germany as well, business owners are still at the top of the income hierarchy. Therefore, the adjustment of the … zugenommen hat.Der vorliegende Beitrag ergänzt die Verteilungsdebatte um eine um Spitzengehälter bereinigte Lohnquote, da diese …
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This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
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We study the shareholder value implications of a shift in the corporate balance of power towards shareholders. We find that in response to an unanticipated event that made it likely that an annual binding shareholder vote on management pay would become compulsory for Swiss public companies, the...
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