The relationship between executive pay and corporate financial performance continues to attract wide academic, media and policy attention. The very high salaries enjoyed by senior executives in corporations in the US are often contrasted with the relatively low pay received by executives in...

The relationship between executive pay and corporate financial performance con-tinues to attract wide academic, media and policy attention. The very high salariesenjoyed by senior executives in corporations primarily in the North American coun-tries are often contrasted with the relatively low...

This chapter, on the persistence of corporate profits in in Germany, is organized as follows: Section I presents the empirical model and describes the econometrics for the stimation of the parameters. Section II introduces the data sample, shich consists of profit data form 299 German stock...