Managerial Pay and Firm Performance: Danish Evidence
AbstractThis study examines the determinants of managerial compensation in a sample of Danish firms testing hypothesis derived from agency theory in the seldomly studied (European) institutional setting of relationship-oriented governance systems. We find pay-performance sensitivity similar to that found in other settings, small differences in sensitivity across individual levels and no evidence in support of the career concern hypothesis.
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Bibliographic InfoPaper provided by Aarhus School of Business - Department of Economics in its series Papers with number 97-11.
Length: 32 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: Department of Economics, Faculty of Business Administration. The Aarhus School of Business. Fuglesangs Alle 4. DK- 8210 Aarhus V - Denmark
Phone: +45 89 486396
Fax: +45 8615 5175
Web page: http://www.asb.dk/about/departments/nat.aspx
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MANAGEMENT ; COMPENSATION;
Find related papers by JEL classification:
- J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
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- Lausten, M., 2001.
"Gender differences in managerial compensation - Evidences from Denmark,"
01-4, Aarhus School of Business - Department of Economics.
- Lausten, Mette, 2001. "Gender Differences in Managerial Compensation - Evidences from Denmark," Working Papers 01-4, University of Aarhus, Aarhus School of Business, Department of Economics.
- Patrick Kampkoetter, 2012. "Determinants of Compensation in the Financial Services Industry," Cologne Graduate School Working Paper Series 03-12, Cologne Graduate School in Management, Economics and Social Sciences.
- Tor Eriksson & Erik StrÃ¸jer Madsen & Mogens Dilling-Hansen & Valdemar Smith, 2001. "Determinants of CEO and Board Turnover," Empirica, Springer, vol. 28(3), pages 243-257, September.
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