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Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues

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  • Helmut Dietl

    ()
    (Institute for Strategy and Business Economics, University of Zurich)

  • Tobias Duschl

    ()
    (Institute for Strategy and Business Economics, University of Zurich)

  • Markus Lang

    ()
    (Institute for Strategy and Business Economics, University of Zurich)

Abstract

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the regulation of executive pay. Based on the experience from professional sports leagues, we develop implications for the corporate sector regarding the establishment and enforcement of executive pay regulation as well as the level, structure, and rigidity of such regulatory measures.

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File URL: http://repec.business.uzh.ch/RePEc/rsd/CRSA_WPS/38_CRSA_full.pdf
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Bibliographic Info

Paper provided by University of Zurich, Center for Research in Sports Administration (CRSA) in its series Working Papers with number 0038.

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Length: 26 pages
Date of creation: May 2010
Date of revision: Oct 2010
Handle: RePEc:rsd:wpaper:0038

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Keywords: Salary Caps; Executive Compensation; Corporate Governance; Financial Crisis; Financial Regulation;

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