This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...

In the context of differentiated governance and the deepening market-oriented reform of compensation in China, we divide state-owned enterprises (SOEs) into four categories according to their equity structure, namely absolute holding firms, relative holding firms, major impact firms and equity...

This report comprises three papers. In the first paper, we present a comprehensive assessment of the Human Resources for Health (HRH) remuneration system in the Philippines. We examine the current stock of HRH, their economic contribution, and the governance and financing mechanisms that support...

With growing public and policy-makers' attention to en vironmental, social, and governance (ESG) disclosures, a natural question is how management compensation systems should include ESG metrics. This paper selectively reviews and discusses insights from agency theory on the design of optimal...

This study explores the relationship between the daily habits of S&P 500 CEOs and their financial remuneration. Using a mixed-method approach, the research analyzes time allocation across work, sleep, and exercise among 22 CEOs from leading publicly listed U.S. corporations. Regression analysis...

The management of government spending on employee compensation is crucial for small developing states (SDS), where such spending constitutes a large portion of government expenses. These states often face unique challenges, such as disproportionately high government employment levels and the...

We use administrative data from the U.S. Census to estimate the effect of female director representation on workplace gender diversity and women's earnings. Using a difference-in-differences estimator that correctly accounts for variation in treatment timing, we show that first-time female...

This paper contributes to the ongoing discourse on the taxation of top-income earners by empirically investigating the impact of tax policy changes on pay without performance. Using data on executive compensation in the United States, I compare the sensitivity of executive compensation to...

The impact of hierarchical differentiation on team effectiveness is heavily discussed in scientific research with strong argumentslined up on both the pro and the contra sides. To contribute to this debate, I investigated the relationship between a specificfacet of hierarchical differentiation,...

This paper analyzes the possibility of creating worker cooperatives in which members are paid not through wages but through dividends calculated on the organization's residual income, as stipulated by the economic theory of the labor-managed firm. It is shown how dividends paid to members can be...

This research empirically investigates how the adoption of restricted stock units (RSUs) affects earnings per share (EPS) and operating profit, focusing on variations across industries. RSUs have emerged as a strategic compensation tool for promoting alignment between employee interests and...

The aim of this comprehensive study is to provide proposals and recommendations for the establishment of a fair remuneration model across various toll domains, considering the interests of toll chargers and service providers. Furthermore, the Study Team recommends that the EETS remuneration...

This paper yields new insights into why similar workers are paid differently by surveying a representative sample of Danish firms and linking responses to administrative data. We find that a substantial minority of firms, about 18 percent, have inaccurate beliefs about their position in the wage...

Der Beitrag zeigt, wie komplex und vielfältig betriebliche Vergütungssysteme sind, wer welche Sonderzahlungen, Zuschläge und Zusatzleistungen erhält und wie relevant die betriebliche Lohngestaltung für die Mitarbeitermotivation und -bindung sowie die betriebliche Resilienz in Krisenzeiten...

The compensation system, employee motivation, and employee satisfaction have received much attention from academics for many years. Existing research, however, does not yet detail the mediation effect of employee motivation on the relationship between the entire compensation system and employee...

This study examines the governing role of gender diversity on the board of directors on conditional accounting conservatism and executive remuneration. Using proprietary data about women representation on the board of directors to investigate the impact on the choice between accounting methods...

Purpose: Studies have relied on full-time non-managerial employees' average compensation to measure pay disparities. However, this approach can be distorted by outliers. Instead, median compensation has the potential to more accurately reflect employee compensation. This study examines how the...

This study examined the correlation between the civil service compensation system and employee motivation in the public sector. Using both questionnaires and interviews to gather data, the study found out that the compensation system was not sufficient to meet employees' basic needs. The study...

The pandemic's impact on Major League Baseball (MLB) was especially dire. In 2020, a single player testing positive was enough to cancel the entire game, with a few teams sidelined for weeks. This paper looks at all free-agent contracts signed during the 2017-2023 off-season signing periods....