We assess the impact of compensation based incentives together with monitoring mechanisms on investment related agency costs. The results indicate that well structured compensation based incentives significantly reduce agency costs. Managerial firm based wealth delta has a significant, negative...

This paper tackles the subject of managers' pay in listed companies, with particularattention to the newly introduced duty of drafting reports on remuneration,by analyzing multiple pieces of legislation dealing with the matter that have been enactedat various legislative levels in our regulatory...