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| Author: | Burhop, C. |
| Title: | Executive remuneration and firm performance: the case of large German banks, 1854-1910 |
| Journal: | Business history
2004 : OCT, VOL. 46:4, p. 525-543 |
| Index terms: | Banking Business history Executive remuneration Germany Pay |
| Language: | eng |
| Abstract: | This article discusses executive remuneration in relation to company performance during the years 1854 to 1910 for large German joint-stock Kreditbanken. The article is based on a case study and the quantitative data of nine large banks. The use of incentive-related contracts is shown. Compared with modern times, pay-performance elasticity was high. |
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