Nachträgliche Reduktion von Vorstandsbezügen: Eine ökonomische Analyse der Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG

Ex post Reduction of Executive Compensation: An economic review of the Ger-man VorstAG

Mihael Duran

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the possibility of reducing executive compensation following the German VorstAG. To examine the potential economic impact of the reduction, a tournament model is introduced. The model shows some implications on the decisions of the Executive Board and Supervisory Board.

Keywords: Corporate Governance; Executive Compensation; Tournaments (search for similar items in EconPapers)
JEL-codes: G38 M12 (search for similar items in EconPapers)
Date: 2011-09-20
New Economics Papers: this item is included in nep-ger
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33815

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