Managerial Pay and Executive Turnover in the Czech and Slovak Republics

Tor Eriksson

No 03-3, Working Papers from University of Aarhus, Aarhus School of Business, Department of Economics

Abstract: Despite the crucial role played by managers in changing the functioning of labour markets in transition economies, research on the determinants of executive pay and CEO turnover in these countries is almost non-existent. The current paper aims at adding to this minuscule literature. For this purpose I make use of a unique data set containing relevant firm-manager information from the Czech and Slovak Republics in the late nineties. This allows me to examine the influence of individual and in particular firm characteristics, such as, size, ownership type, industry and region, as well as corporate performance on chief executive compensation levels and changes therein and on the probability of the executive being turned over.

Keywords: Managerial Compensation; CEO Turnover; Corporate Performance (search for similar items in EconPapers)
JEL-codes: J31 J44 M52 P31 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2003-02-01
New Economics Papers: this item is included in nep-lab
Note: Published in: Economics of Transition, 2005 (13), 659-677
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Citations: View citations in EconPapers (1)

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Journal Article: Managerial pay and executive turnover in the Czech and Slovak Republics (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:aareco:2003_003

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