the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …

the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …

Purpose: This study explores the probability of expropriation of minority shareholders by controlling shareholders in …-2010.Design/methodology/approach: We use a direct method to gauge controlling shareholders' tunneling and expropriation of … endogeneity issues. Findings: There are significant deterioration effects between controlling shareholder's tunneling and firm …

the literature on executive pay: the manager power hypothesis and the efficient pay hypothesis. We find support for the … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …

-liberal environment, the technologies have had profound effects on the relative power of different groups. Skott and Guy (2007) and Guy … and Skott (2008) formalized one aspect of this process of power-biased technical change: firms' increased ability to …. This paper addresses power biases and income inequality at the high end. Increasing firm-level financial volatility has …