Research Catalog

Title

Markets and compensation for executives in Europe / edited by Lars Oxelheim and Clas Wihlborg.

Publication

Bingley, UK : Emerald, 2008.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Oxelheim, Lars
• Wihlborg, Clas.

Description

xxv, 414 p. : ill.; 24 cm.

Summary

"The increasing amounts of money paid out in compensation to corporate executives have become the subject of a heated public policy debate on both sides of the Atlantic during the last decade. The magnitude of these sums, as well as the timing of payments relative to evidence of corporate success or - more notably, failure - has surprised and, in many cases, angered employees, shareholders and politicians, and drawn considerable attention in the media. Are executives in many firms exploiting their power to benefit themselves at the expense of other stakeholders or is the level of compensation the result of an effective market mechanism? This book is intended to fill a void created by the current focus of economic, financial and management research on executive compensation in the USA, and to address whether results from the US generalize to Europe, whether there is a European model for executive compensation, and whether European compensation structures enhance the wealth of shareholders and citizens. The research presented here provides a foundation that will help shareholders, their representatives on boards, and policy makers develop wealth enhancing procedures, contracts and rules within European corporate governance systems." "This book will be of interest to academics, practitioners and policy makers. On the academic side, researchers and students in the field of business economics, corporate governance, finance, international business, and management will discover research results that enhance their knowledge and provide the basis for further research. Among practitioners, board members, executives, chief financial officers, and bankers will benefit from this book when evaluating and designing executive compensation schemes. Policy makers will find research-based material that can either support or call into question their preconceived opinions."--Jacket

Series Statement

International business and management series , 1876-066X ; v. 24

Uniform Title

International business and management series ; v. 24.

Subject

• Executives > Salaries, etc. > Europe
• Compensation management > Europe
• Golden parachutes (Executive compensation) > Europe

Bibliography (note)

• Includes bibliographical references and index.

Processing Action (note)

• committed to retain

Contents

Pt. I. General Analysis of Executive Compensation within Corporate Governance Systems -- 1. Corporate Governance and Executive Compensation: An Institutional Overview / Sohnke M. Bartram and ldlan Zakaria -- 2. European Integration and Executive Compensation Structures: Results from Bargaining and Merger Activity / John Knupf and John Teall -- 3. The Rise of all International Market for Executive Labour / Winfried Ruigrok and Peder Greve -- 4. Executive Incentive Compensation and Economic Prosperity / Cynthia J. Campbell, Rosita P. Chang, Robert Doktor, Jack C. De Jong, Jr., Lars Oxelheim and Trond Randoy -- Pt. 2. Incentive Effects of Executive Compensation Structures -- 5. Banking Mergers and Acquisitions in Europe : Performance and Executive Compensation / Rym Ayadi and Francesco Arnaboldi -- 6. Intangible Assets, Agency Costs, and International Dissimilarities in the Structure of Executive Pay / Philipp N. Baecker, Gunnar Grass and Ulrich Hommel -- 7. Performance Evaluation and European Asset Markets / Natacha Valla -- 8. Earnings Management and CEO Turnovers / Kristian Bengtsson, Clas Bergstrom and Max Nilsson -- 9. European Corporate Governance Guidelines and CEO Pay -- The Case of Norway and Sweden / Lars Oxelheim and Trond Randoy -- 10. The Use of lncentive Pay in Divisonalised Firms: A Case Study of Two Global Manufacturing Companies / Ted Lindblom, Gert Sandahl and Stefan Sjogren -- 11. Executive Compensation and Macroeconomic Fluctuations / Lars Oxelheim, Clas Wihlborg and Jianhua Zhang -- Pt. 3. Country Studies -- 12. Compensation of Executives in Denmark: Performance, Corporate Governance or Rent Extraction ? / Ken L. Bechmann -- 13. CEO Compensation, Firm Size and Firm Performance: Evidence from Finland / Mikko Makinen -- 14. CEO Cash Compensation and Ownership Structure : The Effect of Family Control on the Pay-Performance Relation in Sweden / Carl Oreland -- 15. The Introduction of Long-Term Incentive Programmes for Managers in Germany: Efficiency or Rent-Seeking? / Christian Harm and Karl-Friedrich Raible -- 16. An Empirical Analysis of the Compensation of Management Boards / Georg Stadtmann and Markus Wissmann.

ISBN

• 9780080557380
• 0080557384

OCLC

• 221193004
• SCSB-12788243

Owning Institutions

Harvard Library