Cuñat, Vicente (contributor); Guadalupe, Maria (contributor) - 2006
globalization affects the working of firms. We
1
Murphy (1999) surveys the evidence on the increase in total pay and performance-pay … appreciation in the U.K., respectively, raised performance-pay
sensitivities.
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face, and increase their demand for talented CEOs … pay sensitivities, we evaluated the total contribution of im-
port penetration to changing performance-pay sensitivities …