Determinants of Managerial Pay in the Czech Republic

Tor Eriksson (), Jaromir Gottvald and Pavel Mrazek

No 310, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan Stephen M. Ross Business School

Abstract: The purpose of this paper is to examine the determinants of the variation in Czech managers' pay levels. Among the questions we attempt to answer are: Are the managers in state-owned firms compensated differently than those in private owned firms? How much of the difference in pay is explained by differences in individual characteristics and job levels? What is the importance of the regional location or the industry affiliation of the firms for managerial pay differentials? We use data from a cross-section of Czech managers in 1998 and estimate earnings equations augmented with a host of explanatory variables related to firm and job characteristics.

Keywords: managerial compensation; transition economy (search for similar items in EconPapers)
JEL-codes: J33 J44 P23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec
Date: 2000-05-01

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Persistent link: http://EconPapers.repec.org/RePEc:wdi:papers:2000-310

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