The purpose of a compensation system is the protection of small investors. The system shouldincrease investors …' confidence in financial market institutions and, therefore, support financialmarket stability. The main objective of Compensation … System in the EU is adjusting EU memberstates to Directive ICD requirements. However, compensation systems are not the same …

We model deferred compensation as a share of an uncertain futureprofit granted by a financially constrained employer to … her employeein mutual agreement. Deferred compensation serves as a retentionmechanism, helping the employer to avoid …, the employer will to defer compensation (pay incash) to the employee. The employee always improves his position inthe …

We present a model where compensation within a workteam is determinedendogenously by the use of a rank-order tournament …

Human capital and deferred compensation might explain why firms employ but do nothire older workers. Adjustments of … wage-tenure profiles for older new entrants areexplored in the context of deferred compensation. From an equity theory …

CEO compensation has increased substantially over the past 15 years, but so has forcedturnover. Motivated by this …, on average, associated with about 4% more in terms of total compensation.[...] …

Germany is one of few countries in which the monetary compensation for inventors is notonly determined by negotiations …

This paper presents a model of executive compensation in which the executive is risk averse and has specific knowledge … compensation. Notably, we find that relative performance evaluation is optimal only if the quality of specific knowledge is low. We …