Managerial Pay and Firm Performance: Danish Evidence

T. Erikson and Mette Lausten ()

Working Papers from Aarhus School of Business - Department of Economics

Abstract: This study examines the determinants of managerial compensation in a sample of Danish firms testing hypothesis derived from agency theory in the seldomly studied (European) institutional setting of relationship-oriented governance systems. We find pay-performance sensitivity similar to that found in other settings, small differences in sensitivity across individual levels and no evidence in support of the career concern hypothesis.

Keywords: MANAGEMENT; COMPENSATION (search for similar items in EconPapers)
JEL-codes: J5 (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:aascbu:97-11

Access Statistics for this paper

More papers in Working Papers from Aarhus School of Business - Department of Economics
Address: Department of Economics, Faculty of Business Administration. The Aarhus School of Business. Fuglesangs Alle 4. DK- 8210 Aarhus V - Denmark
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().