Internal and external determinants of the use of supplementary pension plans in manager compensation

Lorenzo Revuelto-Taboada () and Marcelo Duques-Ospina ()
Additional contact information
Lorenzo Revuelto-Taboada: Universitat de València, España
Marcelo Duques-Ospina: CEO Comomepensiono, Colombia

TEC Empresarial, 2024, vol. 18, issue 1, 84-100

Abstract: This study scrutinizes the use of supplementary pension plans (SPPs) in the executive compensation strategies of multinational and multi-Latin firms. The proposed analysis focuses on the internal and external factors that may influence the implementation of SPPs and their role in attracting, retaining, and motivating strategically valuable human capital in the form of executive managers. The analysis was based on in-depth interviews with a range of managers, representatives of multilateral institutions, researchers, and heads of pension funds and mandatory pension plans. Relevant complementary data was obtained from a variety or documentary sources. The paper offers valuable findings and implications for the design of compensation strategies of senior managers of multinational and multi-Latin firms. The study also has implications regarding the use of loyalty mechanisms aimed at developing competitive advantages to enhance business performance.

Keywords: Executive compensation; supplementary pension plans; internal determinants; external determinants; multinationals; multi-Latin companies (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/7014 Full text (application/pdf)

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: https://EconPapers.repec.org/RePEc:ris:tecemp:2405

Access Statistics for this article

TEC Empresarial is currently edited by Juan Carlos Leiva

More articles in TEC Empresarial from School of Business, Costa Rica Institute of Technology (ITCR) Cartago; Costa Rica, TEC Empresarial ISSN: 1659-3359. Contact information at EDIRC.
Bibliographic data for series maintained by Esteban Lafuente ().