Does codetermination affect the composition of variable versus fixed parts of executive compensation?
"Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based compensatio...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Mannheim
2015
ZEW |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19100026124919282089-Does-codetermination-affect-th.htm |
| _version_ | 1771659896525160449 |
|---|---|
| author | Dyballa, Katharina Kraft, Kornelius |
| author_facet | Dyballa, Katharina Kraft, Kornelius |
| collection | Library items |
| description | "Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based compensation to avoid excessive risk taking and short-run orientated decisions. We compile unique panel data on executive compensation over the periods 2006 to 2011 for 405 listed companies and use a Hausman-Taylor approach to estimate the effect of codetermination on the compensation design. Finally, codetermination has a significantly positive effect on performance-based components of compensation, which supports our hypothesis." |
| format | TEXT |
| geographic | Germany |
| id | 19100026124919282089_c02ef9379b5644be924a3d88fce0b39e |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19100026124919282089_c02ef9379b5644be924a3d88fce0b39e |
| is_hierarchy_title | Does codetermination affect the composition of variable versus fixed parts of executive compensation? |
| language | English |
| physical | 21 p. Digital |
| publishDate | 2015 |
| publisher | Mannheim ZEW |
| spellingShingle | Dyballa, Katharina Kraft, Kornelius codetermination profitability corporate governance Does codetermination affect the composition of variable versus fixed parts of executive compensation? |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=107783592596 |
| title | Does codetermination affect the composition of variable versus fixed parts of executive compensation? |
| topic | codetermination profitability corporate governance |
| url | https://www.labourline.org/KENTIKA-19100026124919282089-Does-codetermination-affect-th.htm |