Executive compensation

Three Essays on Managerial Risk-Taking, Long-Term Orientation, and Convergence in Executive Compensation

Autori

• Friedrich Kley

Parametri

• Economia e affari

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The empirical analyses of data from large German public companies that are presented in this book show that the introduction of long-term orientated remuneration components for corporate executives increases their willingness to invest in riskier investment portfolios, at least in the short term. The study furthermore demonstrates that a payment model which emphasises equity-based remuneration elements is not sufficient to increase executives' long-term orientation. The results of the study’s final analysis show that payment of executives in large German public companies has become more consistent across the board in recent years.

Lingua: Inglese

Pubblicato: 2017