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Nachträgliche Reduktion von Vorstandsbezügen: Eine ökonomische Analyse der Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG

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Listed author(s):
  • Duran, Mihael

Abstract

In der vorliegenden Arbeit wird eine modelltheoretische Untersuchung der verschärften sogenannten Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG anhand der Turniertheorie vorgenommen. Hierzu wird ein Modell entwickelt, um mögliche ökonomische Auswirkungen der Verminderung von Vorstandsbezügen zu untersuchen. Das Modell zeigt einige Implikationen zu den Entscheidungen von Vorstand und Aufsichtsrat.

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Paper provided by University of Tübingen, School of Business and Economics in its series Tübinger Diskussionsbeiträge with number 332.

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Date of creation: 2011
Handle: RePEc:zbw:tuedps:332
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Keywords: executive compensation; tournaments;

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Find related papers by JEL classification:
  • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
  • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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  1. Lazear, Edward P & Rosen, Sherwin, 1981. "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-864, October.
  2. Hall, Brian J. & Murphy, Kevin J., 2002. "Stock options for undiversified executives," Journal of Accounting and Economics, Elsevier, vol. 33(1), pages 3-42, February.
  3. Robert Gibbons, 1997. "An Introduction to Applicable Game Theory," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 127-149, Winter.
  4. Green, Jerry R & Stokey, Nancy L, 1983. "A Comparison of Tournaments and Contracts," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 349-364, June.
  5. Alannah Orrison & Andrew Schotter & Keith Weigelt, 2004. "Multiperson Tournaments: An Experimental Examination," Management Science, INFORMS, vol. 50(2), pages 268-279, February.
  6. Christopher Ferrall, 1996. "Promotions and Incentives in Partnerships: Evidence from Major U.S. Law Firms," Canadian Journal of Economics, Canadian Economics Association, vol. 29(4), pages 811-827, November.
  7. Bull, Clive & Schotter, Andrew & Weigelt, Keith, 1987. "Tournaments and Piece Rates: An Experimental Study," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 1-33, February.
  8. Rosen, Sherwin, 1986. "Prizes and Incentives in Elimination Tournaments," American Economic Review, American Economic Association, vol. 76(4), pages 701-715, September.
  9. Eriksson, Tor, 1999. "Executive Compensation and Tournament Theory: Empirical Tests on Danish Data," Journal of Labor Economics, University of Chicago Press, vol. 17(2), pages 262-280, April.
  10. Ehrenberg, Ronald G & Bognanno, Michael L, 1990. "Do Tournaments Have Incentive Effects?," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1307-1324, December.
  11. Koch, Rosemarie & Raible, Karl-Friedrich & Stadtmann, Georg, 2011. "Vorstandsvergütung in Deutschland - ist eine Trendwende in Sicht?," Discussion Papers 299, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
  12. repec:sae:ilrrev:v:43:y:1990:i:3:p:74-88 is not listed on IDEAS
  13. O'Keeffe, Mary & Viscusi, W Kip & Zeckhauser, Richard J, 1984. "Economic Contests: Comparative Reward Schemes," Journal of Labor Economics, University of Chicago Press, vol. 2(1), pages 27-56, January.
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