search query: @indexterm pay / total: 1509
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| Author: | Kraft, K. Niederprüm, A. |
| Title: | Ist die Vergütung von Managern im Zeitablauf flexibler geworden? |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1999 : VOL. 51:9, p. 787-804 |
| Index terms: | MANAGEMENT PAY SALARY STRUCTURE GERMANY |
| Language: | ger |
| Abstract: | Academic researchers as well as business media criticise the relative high share of fixed salaries of total remuneration of German top management. This study analyses the develop- ment of management compensation over ten years (1987-1996). The data is based on published information from 149 firms, which leads to overall 1093 observations. Evidence is found for the hypothesis, that management compensation has become more profit-related over time. In addition there is evidence that the "Aufsichtsräte" fail to penalize the executive boards for poor financial performance. |
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