Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dyballa, Katharina | - |
dc.contributor.author | Kraft, Kornelius | - |
dc.date.accessioned | 2015-07-17T10:10:55Z | - |
dc.date.available | 2015-07-17T10:10:55Z | - |
dc.date.issued | 2015 | - |
dc.identifier.uri | http://hdl.handle.net/2003/34152 | - |
dc.identifier.uri | http://dx.doi.org/10.17877/DE290R-7883 | - |
dc.description.abstract | Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based compensation to avoid excessive risk taking and short-run orientated decisions. We compile unique panel data on executive compensation over the periods 2006 to 2011 for 405 listed companies and use a Hausman-Taylor approach to estimate the effect of codetermination on the compensation design. Finally, codetermination has a significantly positive effect on performance-based components of compensation, which supports our hypothesis. | en |
dc.language.iso | en | de |
dc.relation.ispartofseries | Discussion Paper / SFB 823;22/2015 | en |
dc.subject | Executive Compensation | en |
dc.subject | Hausman-Taylor | en |
dc.subject | Corporate Governance | en |
dc.subject | Principal-Agent Theory | en |
dc.subject | Codetermination | en |
dc.subject.ddc | 310 | - |
dc.subject.ddc | 330 | - |
dc.subject.ddc | 620 | - |
dc.title | Does codetermination affect the composition of variable versus fixed parts of executive compensation? - An empirical analysis for listed companies in Germany | en |
dc.type | Text | de |
dc.type.publicationtype | workingPaper | de |
dcterms.accessRights | open access | - |
Appears in Collections: | Sonderforschungsbereich (SFB) 823 |
Files in This Item:
File | Description | Size | Format | |
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DP_2215_SFB823_Dyballa_Kraft.pdf | DNB | 242.7 kB | Adobe PDF | View/Open |
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