Rémunérations des p-dg français. Les actionnaires peuvent-ils souhaiter un plafonnement ?
In the middle of the nineties, the sharp increase in globalisation and the last privatization wave promoted the shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model is simulated in order to assess to what extent such a model could explain the observed ceo compensations. The size elasticity of compensation in France is equal to 0.5 and justifies a large magnitude in compensation. To moderate these compensations, a wage cap is often called for by opinion and the European Left but also, more surprisingly, by representatives of shareholders. The cost of this policy is evaluated in this job assignement model and the lobbying of shareholders is explained. Classification JEL : J31, J33, D33, D41.
When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_603_0759. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.