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Theories Of Executive Remuneration

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  • MIROSLAV NEDELCHEV

    (Economic Research Institute, Bulgarian Academy of Sciences)

Abstract

The aim of the article is to present the theories of remuneration. Both classical and modern theories are presented within their time and economic environment. The anchor of article is the model principal-agent and reducing asymmetric information through remuneration. The conclusions of the article define a wide range of theories. All theories aim to solve the principal-agent problem through a new tool - the remuneration. The nuances of individual theories can be determined from the different periods of their occurrence and from the dominant economic environment for the essence of the remuneration.

Suggested Citation

  • Miroslav Nedelchev, 2019. "Theories Of Executive Remuneration," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 16(1), pages 10-18.
    • Handle: RePEc:neo:journl:v:16:y:2019:i:1:p:10-18
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    References listed on IDEAS

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    More about this item

    Keywords

    corporate governance; information asymmetry; principal-agent;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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