Die ökonomische Theorie konstatiert einen engen Zusammenhang zwischen der Qualität des Managements in privatwirtschaftlichen Unternehmen und der Größe dieser Unternehmen. Die mikroökonomische Theorie vertritt die These, dass die talentiertesten Manager in den größten Unternehmen zu finden...

We examine the impact of performance groups on the estimation of the relative importance of firm, industry and other effects on corporate performance. Performance groups comprise firms from the same industry with a similar performance over a longer period of time. We present a statistical method...

We examine whether anti-director laws and legal director liability rules matter for whether directors act diligently in setting the compensation of CEOs. The study uses a world-wide data set covering 27 countries for the period 1995 to 2005. Controlling for a number of legal and economic...

This paper considers the relation between management quality, firm size, and managerial compensation. Exploring a German (SOEP) and a British (BHPS) data set we show that the impact of firm size on pay, which is consistently found in the management literature, vanishes (to a large extent) if it...