IDEAS home Printed from https://ideas.repec.org/p/hhs/aareco/2003_003.html

Managerial Pay and Executive Turnover in the Czech and Slovak Republics

Author

Listed:
  • Eriksson, Tor

    (Department of Economics, Aarhus School of Business)

Abstract

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.

Suggested Citation

  • Eriksson, Tor, 2003. "Managerial Pay and Executive Turnover in the Czech and Slovak Republics," Working Papers 03-3, University of Aarhus, Aarhus School of Business, Department of Economics.
    • Handle: RePEc:hhs:aareco:2003_003
    Note: Published in: Economics of Transition, 2005 (13), 659-677
    as

    Download full text from publisher

    File URL: http://www.hha.dk/nat/WPER/03-3_te.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. DIBRA, Rezart, 2013. "Corporate Governance In Various Transition Economies," Academica Science Journal, Economica Series, Dimitrie Cantemir University, Faculty of Economical Science, vol. 2(3), pages 21-33, December.
    2. Sándor Gardó, 2010. "Bank Governance and Financial Stability in CESEE: A Review of the Literature," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 6-31.
    3. Horie, Norio & Kumo, Kazuhiro & 雲, 和広, 2019. "Socialist Legacies and Human Resource Management in European Transition Economies : An Analytical Survey," CEI Working Paper Series 2019-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    4. Stepan Jurajda & Teodora Paligorova, 2006. "Female Managers and Their Wages in Central Europe," CERGE-EI Working Papers wp296, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    5. Dragana Radjen & Nemanja Stanisic, 2017. "Financial Distress and Managerial Turnover: The Case of the Republic of Serbia," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(6), pages 646-660.
    6. Jurajda, Stepán & Paligorova, Teodora, 2009. "Czech female managers and their wages," Labour Economics, Elsevier, vol. 16(3), pages 342-351, June.
    7. Weiwen Li & Yuan Lu, 2012. "CEO dismissal, institutional development, and environmental dynamism," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 1007-1026, December.
    8. Iwasaki, Ichiro & Ma, Xinxin & Mizobata, Satoshi, 2020. "Corporate ownership and managerial turnover in China and Eastern Europe: A comparative meta-analysis," Journal of Economics and Business, Elsevier, vol. 111(C).
    9. repec:prg:jnlpep:v:preprint:id:628:p:1-15 is not listed on IDEAS
    10. Kato, Takao & Kubo, Katsuyuki, 2006. "CEO compensation and firm performance in Japan: Evidence from new panel data on individual CEO pay," Journal of the Japanese and International Economies, Elsevier, vol. 20(1), pages 1-19, March.
    11. Rajashik Roy Choudhury & Varun Gupta, 2011. "Impact of Age on Pay Satisfaction and Job Satisfaction Leading to Turnover Intention: A Study of Young Working Professionals in India," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 36(4), pages 353-363, November.
    12. Horie, Norio & Iwasaki, Ichiro & 岩﨑, 一郎, 2022. "Returns to Education in European Emerging Markets: A Meta-Analytic Review," RRC Working Paper Series 95, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    13. Muravyev, Alexander & Bilyk, Olga & Grechaniuk, Bogdana, 2009. "Firm Performance and Managerial Turnover: The Case of Ukraine," MPRA Paper 13685, University Library of Munich, Germany.
    14. Kato, Takao & Long, Cheryl, 2006. "CEO Turnover, Firm Performance and Enterprise Reform in China: Evidence from New Micro Data," IZA Discussion Papers 1914, Institute of Labor Economics (IZA).
    15. Norio Horie & Ichiro Iwasaki, 2023. "Returns to schooling in European emerging markets: a meta-analysis," Education Economics, Taylor & Francis Journals, vol. 31(1), pages 102-128, January.
    16. Štěpán Jurajda & Juraj Stančík, 2013. "Organization and Firm Performance in the Czech Republic," Prague Economic Papers, Prague University of Economics and Business, vol. 2013(1), pages 85-110.
    17. Kato, Takao & Long, Cheryl, 2006. "CEO turnover, firm performance, and enterprise reform in China: Evidence from micro data," Journal of Comparative Economics, Elsevier, vol. 34(4), pages 796-817, December.
    18. Liang, Hao & Renneboog, Luc & Sun, Sunny Li, 2015. "The political determinants of executive compensation: Evidence from an emerging economy," Emerging Markets Review, Elsevier, vol. 25(C), pages 69-91.
    19. repec:onb:oenbwp:y:2010:i:1:b:1 is not listed on IDEAS
    20. Aleksandra GregoriÄ & SaÅ¡o Polanec & Sergeja SlapniÄ ar, 2010. "Pay me Right: Reference Values and Executive Compensation," European Financial Management, European Financial Management Association, vol. 16(5), pages 778-804, November.
    21. repec:lic:licosd:22008 is not listed on IDEAS
    22. Horváthová, Eva, 2012. "The impact of environmental performance on firm performance: Short-term costs and long-term benefits?," Ecological Economics, Elsevier, vol. 84(C), pages 91-97.
    23. Kato, Takao & Long, Cheryl, 2011. "Tournaments and managerial incentives in China's listed firms: New evidence," China Economic Review, Elsevier, vol. 22(1), pages 1-10, March.

    More about this item

    Keywords

    ;
    ;
    ;

    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 - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:aareco:2003_003. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Helle Vinbaek Stenholt The email address of this maintainer does not seem to be valid anymore. Please ask Helle Vinbaek Stenholt to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/nihhadk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.