Despite the crucial role played by managers in changing the functioning of labour markets in transition economies, research on the determinants of executive pay and CEO turnover in these countries is almost non-existent. The current paper aims at adding to this minuscule literature. For this purpose I make use of a unique data set containing relevant firm-manager information from the Czech and Slovak Republics in the late nineties. This allows me to examine the influence of individual and in particular firm characteristics, such as, size, ownership type, industry and region, as well as corporate performance on chief executive compensation levels and changes therein and on the probability of the executive being turned over.
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Paper provided by University of Aarhus, Aarhus School of Business, Department of Economics in its series Working Papers with number
03-3.
Length: 24 pages Date of creation: 01 Feb 2003 Date of revision: Handle: RePEc:hhs:aareco:2003_003
Note: Published in: Economics of Transition, 2005 (13), 659-677 Contact details of provider: Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark Phone: +45 89 486396 Fax: +45 8615 5175 Web page: http://www.asb.dk/departments/nat.aspx More information through EDIRC
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Find related papers by JEL classification: J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations M52 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
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