of executive incentives. We compare pay in U.S. public firms to private and non-U.S. firms. We then critically analyze …

contributed to the rise in executive pay in Germany. Lastly, we show that CEOs in the banking sector are provided with incentives …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypothesis in …

. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent …

incentives, and why peer firm pay matters beyond retention concerns. Fairness also matters to investors, with shareholder returns …

second-period profit, so that it may be difficult to disentangle the incentives for these two types of effort. The contract …

We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis … and management experience of board representatives across private and state-owned banks. Measures of boardroom competenceʺ …