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Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues

Helmut Dietl, Tobias Duschl () and Markus Lang ()
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Tobias Duschl: Institute for Strategy and Business Economics, University of Zurich

No 129, Working Papers from University of Zurich, Institute for Strategy and Business Economics (ISU)

Abstract: Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the regulation of executive pay. Based on the experience from professional sports leagues, we develop implications for the corporate sector regarding the establishment and enforcement of executive pay regulation as well as the level, structure, and rigidity of such regulatory measures.

Keywords: Salary Caps; Executive Compensation; Corporate Governance; Financial Crisis; Financial Regulation (search for similar items in EconPapers)
JEL-codes: G01 G38 K23 M48 M52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-spo
Date: 2010-05, Revised 2010-10
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http://repec.business.uzh.ch/RePEc/iso/ISU_WPS/129_ISU_full.pdf (application/pdf)

Related works:
Journal Article: Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues (2011) Downloads
Journal Article: Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues (2011) Downloads
Working Paper: Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues (2011) Downloads
Working Paper: Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues (2010) Downloads
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