Executive Compensation : Three Essays on Managerial Risk-Taking, Long-Term Orientation, and Convergence in Executive Compensation

The empirical analyses of data from large German public companies that are presented in this book show that the introduction of long-term orientated remuneration components for corporate executives increases their willingness to invest in riskier investment portfolios, at least in the short term. Th...

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Main Author: Kley, Friedrich
Format: eBook
Language:English
Published: Baden-Baden Nomos Verlagsgesellschaft mbH & Co. KG 2017
Edition:1. Auflage 2017
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Collection: Nomos - Collection details see MPG.ReNa
Summary:The empirical analyses of data from large German public companies that are presented in this book show that the introduction of long-term orientated remuneration components for corporate executives increases their willingness to invest in riskier investment portfolios, at least in the short term. The study furthermore demonstrates that a payment model which emphasises equity-based remuneration elements is not sufficient to increase executives' long-term orientation. The results of the study’s final analysis show that payment of executives in large German public companies has become more consistent across the board in recent years.
Physical Description:1 online resource
ISBN:9783845284286