This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...

In the context of differentiated governance and the deepening market-oriented reform of compensation in China, we divide state-owned enterprises (SOEs) into four categories according to their equity structure, namely absolute holding firms, relative holding firms, major impact firms and equity...

This report comprises three papers. In the first paper, we present a comprehensive assessment of the Human Resources for Health (HRH) remuneration system in the Philippines. We examine the current stock of HRH, their economic contribution, and the governance and financing mechanisms that support...

With growing public and policy-makers' attention to en vironmental, social, and governance (ESG) disclosures, a natural question is how management compensation systems should include ESG metrics. This paper selectively reviews and discusses insights from agency theory on the design of optimal...

This study explores the relationship between the daily habits of S&P 500 CEOs and their financial remuneration. Using a mixed-method approach, the research analyzes time allocation across work, sleep, and exercise among 22 CEOs from leading publicly listed U.S. corporations. Regression analysis...

The management of government spending on employee compensation is crucial for small developing states (SDS), where such spending constitutes a large portion of government expenses. These states often face unique challenges, such as disproportionately high government employment levels and the...

This paper contributes to the ongoing discourse on the taxation of top-income earners by empirically investigating the impact of tax policy changes on pay without performance. Using data on executive compensation in the United States, I compare the sensitivity of executive compensation to...

The impact of hierarchical differentiation on team effectiveness is heavily discussed in scientific research with strong argumentslined up on both the pro and the contra sides. To contribute to this debate, I investigated the relationship between a specificfacet of hierarchical differentiation,...

This paper analyzes the possibility of creating worker cooperatives in which members are paid not through wages but through dividends calculated on the organization's residual income, as stipulated by the economic theory of the labor-managed firm. It is shown how dividends paid to members can be...

The aim of this comprehensive study is to provide proposals and recommendations for the establishment of a fair remuneration model across various toll domains, considering the interests of toll chargers and service providers. Furthermore, the Study Team recommends that the EETS remuneration...

This paper yields new insights into why similar workers are paid differently by surveying a representative sample of Danish firms and linking responses to administrative data. We find that a substantial minority of firms, about 18 percent, have inaccurate beliefs about their position in the wage...

Der Beitrag zeigt, wie komplex und vielfältig betriebliche Vergütungssysteme sind, wer welche Sonderzahlungen, Zuschläge und Zusatzleistungen erhält und wie relevant die betriebliche Lohngestaltung für die Mitarbeitermotivation und -bindung sowie die betriebliche Resilienz in Krisenzeiten...

Der Beitrag zeigt, wie komplex und vielfältig betriebliche Vergütungssysteme sind, wer welche Sonderzahlungen, Zuschläge und Zusatzleistungen erhält und wie relevant die betriebliche Lohngestaltung für die Mitarbeitermotivation und -bindung sowie die betriebliche Resilienz in Krisenzeiten...

We use administrative data from the U.S. Census to estimate the effect of female director representation on workplace gender diversity and women's earnings. Using a difference-in-differences estimator that correctly accounts for variation in treatment timing, we show that first-time female...

We model firm executives' compensation incentives when ESG metrics are added to their performance-vested contracts. Drawing on multitasking theory, we predict that incentives tied to standard accounting or financial metrics are reduced after introducing ESG metrics to induce executives to...

This study examined the correlation between the civil service compensation system and employee motivation in the public sector. Using both questionnaires and interviews to gather data, the study found out that the compensation system was not sufficient to meet employees' basic needs. The study...