rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Explaining Executive Pay
    sub title: The roles of managerial power and complexity
  name:
    name part: Hengartner, Lukas.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2006
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XXIII, 207 p. online resource.
  abstract: The pay of corporate leaders has escalated in the last few decades. At the same time the number of research papers on this issue has soared. Despite an impressive research volume, however, many questions concerning executive compensation remain unsolved. Lukas Hengartner develops broad concepts for managerial power and firm complexity and empirically tests the influence of these concepts on executive compensation for a large sample of Swiss stock-listed companies. As the jobs of some managers are more complex and demanding than others, these CEOs may command a pay premium in the managerial labor market. It has also been argued that top managers have the power to influence their own compensation. The author shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.
  table of contents: The compensation setting process -- Research review on executive pay -- Research review on director pay -- Are executives paid for the complexity of the job they have? -- Can powerful managers extract rents? -- Research methods -- Research results -- Discussion -- Conclusions.
  note: by Lukas Hengartner.
  subject:
    topic: Business
  subject:
    topic: Management
  subject:
    topic: Personnel management
  subject:
    topic: Business and Management
  subject:
    topic: Human Resource Management
  subject:
    topic: Management
  classification: HF5549-5549.5
  classification: 658.3
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783835093911
  identifier: http://dx.doi.org/10.1007/978-3-8350-9391-1
  record info:
    record creation date: 100301
    record change date: 20151204143549.0
    record identifier: 978-3-8350-9391-1