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

Kato, Takao; Kim, Woochan; Lee, Ju Ho - 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/10010267324

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

Kato, Takao; Long, Cheryl - 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/10010274393

What explains the rise in CEO pay in Germany? A panel data analysis for 1977 - 2009

Fabbri, Francesca; Marin, Dalia - 2012

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …

Persistent link: https://www.econbiz.de/10010282632

Base salaries, bonus payments, and work absence among managers in a German company

Pfeifer, Christian - 2012

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/10010291414

Optimizing incentive plan design: A case study

Levenson, Alec; Zoghi, Cindy; Gibbs, Michael; Benson, George - 2011

We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowered productivity. The altered incentive plan offered higher compensation for increased sales...

Persistent link: https://www.econbiz.de/10010280656

Management Compensation and the Economic Crisis: Longitudinal Evidence from the German Chemical Sector

Grund, Christian; Walter, 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/10010319541

Do Co-Workers? Wages Matter? : Theory and Evidence on Wage Secrecy, Wage Compression and Effort

Charness, Gary; Kuhn, Peter - 2004

We study worker and firm behavior in an environment where worker effort could depend on co-workers? wages. Theoretically, we show that an increase in workers? ?concerns? with coworkers? wages should lead profit-maximizing firms to compress wages under quite general conditions. However, firms...

Persistent link: https://www.econbiz.de/10010262158

The Wage Policy of Firms - Comparative Evidence for the U.S. and Germany from Personnel Data

Grund, Christian - 2002

The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...

Persistent link: https://www.econbiz.de/10010262620

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

Kato, Takao; Long, Cheryl - 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/10010267302

Is Seniority-Based Pay Used as a Motivation Device? : Evidence from Plant Level Data

Bayo-Moriones, Alberto; Galdon-Sanchez, José Enrique; … - 2004

In this paper we use data from industrial plants to investigate if seniority-based pay is used as a motivational device for production workers. Alternatively, seniority-based pay could simply be a wage setting rule not necessarily related to the provision of incentives. Unlike previous papers,...

Persistent link: https://www.econbiz.de/10010273743