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We show that long-term compensation is associated with higher pay in the financial industry and the legal sector. Then, using a detailed survey of law school graduates, we explore why firms use long-term compensation. We find that individuals with jobs that make them highly visible and that...
Persistent link: https://www.econbiz.de/10013064773
data. Factors emphasized in the economic theory of agency, notably risk aversion, also shape pay policies but these factors … cannot account for all the observed empirical relationships. -- incentives ; social norms ; physicians …
Persistent link: https://www.econbiz.de/10003287624
This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards. …
Persistent link: https://www.econbiz.de/10011734901
Compensation schemes have been blamed for encouraging excess risk-taking on the part of managers within the financial system and real economy. In general, compensation cannot decrease below the base salary, while gains from bonuses can be limitless. The potential link between compensation and...
Persistent link: https://www.econbiz.de/10014348916
interaction with monetary incentives. We find that motivational talk significantly improves performance only if it is accompanied …
Persistent link: https://www.econbiz.de/10009793159
interaction with monetary incentives. We find that motivational talk significantly improves performance only when accompanied by …
Persistent link: https://www.econbiz.de/10010342223
Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10012984836
interaction with monetary incentives. We find that motivational talk significantly improves performance only if it is accompanied …
Persistent link: https://www.econbiz.de/10013075962
all cases, explicit, non-discretionary ESG incentives are economically insignificant relative to executives’ incentives to … companies, explicit, non-discretionary ESG incentives were incorporated only in annual bonus plans. One sample company – Duke …. While this approach could be seen as a roadmap for those seeking meaningful ESG-based pay incentives, this Article concludes …
Persistent link: https://www.econbiz.de/10013305552
theory of agency, notably income insurance and multi-task considerations, also shape pay policies. The conclusion we draw …
Persistent link: https://www.econbiz.de/10013234345