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Does employee stock ownership work? : evidence from publicly-traded firms in Japan

Kato, Takao; Miyajima, Hideaki; Ōwan, Hideo - 2018

This paper provides novel evidence on the effects of employee stock ownership (ESO), a prominent example of shared capitalism. In so doing, we take advantage of our access to new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more...

Persistent link: https://www.econbiz.de/10011881507

Boards of directors in Russian publicly traded companies in 1998-2014 : structure, dynamics and performance effects

Muravyev, Alexander - 2016

This paper provides new evidence on the structure, dynamics and performance effects of corporate boards in publicly traded companies in Russia. It takes advantage of a new and unique longitudinal dataset of virtually all Russian companies whose shares were traded in the RTS/MICEX/MOEX over...

Persistent link: https://www.econbiz.de/10011595577

Task difficulty, performance measure characteristics, and the trade-off between insurance and well-allocated effort

Schnedler, Wendelin (contributor) - 2006

When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...

Persistent link: https://www.econbiz.de/10003323166

CEO turnover, firm performance and enterprise reform in China : evidence from new micro data

Kato, Takao (contributor); Long, Cheryl (contributor) - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

Persistent link: https://www.econbiz.de/10003253453

Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges

Kato, Takao (contributor); Long, Cheryl (contributor) - 2005

managers and thus possibly making China's listed firms less effective in solving the agency problem. As such, ownership …

Persistent link: https://www.econbiz.de/10003225948

Executive compensation, firm performance, and chaebols in Korea : evidence from new panel data

Kato, Takao (contributor); Kim, Woochan (contributor); … - 2005

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

Persistent link: https://www.econbiz.de/10003225965

The effect of adversity on process innovations and managerial incentives

Dostie, Benoît; Jayaraman, Rajshri - 2009

This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...

Persistent link: https://www.econbiz.de/10003863657

Social connections and incentives in the workplace : evidence from personnel data

Bandiera, Oriana (contributor); Barankay, Iwan (contributor) - 2008

We present evidence on the effect of social connections between workers and managers on productivity in the workplace … workers managed. We find that when managers are paid fixed wages, they favor workers to whom they are socially connected …

Persistent link: https://www.econbiz.de/10003793735

Management compensation and the economic crisis : longitudinal evidence from the German chemical sector

Grund, Christian; Hofmann, Tanja - 2013

extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis. …

Persistent link: https://www.econbiz.de/10009754706

The gender pay gap in top corporate jobs in Denmark : glass ceilings, sticky floors or both?

Smith, Nina; Smith, Valdemar; Verner, Mette - 2010

This paper analyses the gender gap in compensation for CEOs, Vice-Directors, and potential top executives in the 2000 largest Danish private companies based on a panel data set of employer-employees data covering the period 1996-2005. During the period, the overall gender gap in compensation for...

Persistent link: https://www.econbiz.de/10003945989