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Ausgewählte Aspekte der Vorstandsvergütung in börsennotierten Unternehmen : Vergütungspraktiken im europäischen Vergleich (Selected Aspects of Executive Compensation in Listed Firm...

Hüttenbrink, Alexander - 2011

Die Finanzkrise befeuerte erneut die öffentliche Diskussion um die Vorstandsvergütung. Ein all-gemein geäußerter … vier wesentliche Ergebnisse. Erstens, die Finanzkrise hat deutliche Spuren in den Vergütungspaketen der Vorstände …

Persistent link: https://www.econbiz.de/10013128714

Determinants and Performance Effects of Executive Pay Multiples

Hyun, Jeong-Hoon - 2012

Disclosure rules for the Korean Stock Exchange require Korean firms to disclose average executive and employee pay. These disclosures provide a unique opportunity to examine factors influencing the executive pay multiple (executive-employee pay disparity) and its effects on performance. We find...

Persistent link: https://www.econbiz.de/10013107909

Earnings Management from the Bottom Up : An Analysis of Managerial Incentives Below the CEO

Oberholzer-Gee, Felix - 2012

Performance-based pay is an important instrument to align the interests of managers with the interests of shareholders. However, recent evidence suggests that high-powered incentives also provide managers with incentives to manipulate the firm's reported earnings. The previous literature has...

Persistent link: https://www.econbiz.de/10013112655

A Tax Response to the Executive Pay Problem

Walker, David I. - 2012

Many observers believe that that the public company executive labor market is deficient and results in systematically excessive compensation. This Article accepts that premise and considers potential regulatory responses. Specifically, this Article proposes and analyzes a two-pronged tax...

Persistent link: https://www.econbiz.de/10013113862

Determinants of Strategic Executive Pay Disclosure : Evidence from Korea

Hwang, Iny - 2013

We examine factors influencing firms' strategic disclosure of executive pay in Korea. Because the disclosure rules in Korea do not mandate but only recommend that firms distinguish between inside executive directors and outside directors when reporting the average pay of directors, this...

Persistent link: https://www.econbiz.de/10013086108

Bonus Payments, Hierarchy Levels, and Tenure : Theoretical Considerations and Empirical Evidence

Grund, Christian - 2013

We investigate two theoretical approaches that focus on bonuses as part of a firm's long-term wage policy. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns. The second claims that bonuses act as complements to an executive's internal career. Our...

Persistent link: https://www.econbiz.de/10013091169

Minimizing Top Management’s Corruption : Delaying Bonus Compensations

Galadari, Abdulla - 2013

In an imperfect world, it is very challenging to control corruption of top executives and boards of directors. The general rule is that members of the top management and boards of directors are compensated with large sums of annual bonuses, depending on the corporate financial performance of the...

Persistent link: https://www.econbiz.de/10013092212

Macroeconomic Fluctuations as Sources of Luck in CEO Compensation

Chiu, Hsin-Hui - 2013

Macroeconomic fluctuations such as interest rate and exchange rate can be considered sources of good or bad “luck” for corporate performance. Incentive effects of performance-based compensation for management may be weakened or biased by macroeconomic influences depending on the ability of...

Persistent link: https://www.econbiz.de/10013094390

Executive Compensation and Corporate Governance in Financial Firms : The Case for Convertible Equity-Based Pay

Gordon, Jeffrey N. - 2014

value of a diversified shareholder portfolio because of an increased level of systemic risk. Thus diversified shareholders … of a financial firm generally internalize systemic risk whereas managerial shareholders and blockholders do not. This … means that the governance model drawn from non-financial firms will not fit financial firms. Regulation that limits risk …

Persistent link: https://www.econbiz.de/10013069658

Public Opinion and Executive Compensation

Kuhnen, Camelia M. - 2014

We investigate whether public opinion influences the level and structure of executive compensation. During 1992-2008 the negativity of press coverage of CEO pay varied significantly, with stock options being the most criticized pay component. We find that after more negative press coverage of...

Persistent link: https://www.econbiz.de/10013069846