Managerial Pay and Firm Performance: Danish Evidence
This 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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|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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