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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 hypotheses in …
Persistent link: https://www.econbiz.de/10013108264
incentives have the potential to curtail the role of these factors in favor of performance – in particular when the incentive … the effects of such team incentives on task assignment and performance. We introduce team incentives in a random subsets …
Persistent link: https://www.econbiz.de/10012930959
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...
Persistent link: https://www.econbiz.de/10013045012
interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented …
Persistent link: https://www.econbiz.de/10012984836
This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...
Persistent link: https://www.econbiz.de/10013112769
levels and rather for management jobs than for jobs in research and development. This is true for the whole chemical sector …
Persistent link: https://www.econbiz.de/10013136492
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10013324758
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker … should be given weak financial incentives. In a multiple-agent setting, this problem can be resolved using promotion … incentives. We empirically examine these predictions using data from the German Socio-Economic Panel. We find that workers who …
Persistent link: https://www.econbiz.de/10013147137
' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce … bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10013089005
We study the effects of a field experiment designed to motivate employee ideas, at a large technology company. Employees were encouraged to submit ideas on process and product improvements via an online system. In the experiment, the company randomized 19 account teams into treatment and control...
Persistent link: https://www.econbiz.de/10013055234