This paper examines the level and stmcture of executive pay across a sample of European economies in the mid- 1990s. Our results indicate that there are significant differences in executive pay across Europe which are ...

Die Agency-Theorie verweist darauf, daß die Trennung von Eigentum und Kontrolle in Unternehmen zu einem Interessenskonflikt führen kann, wenn Informationsasymmetrien und opportunistisches Verhalten beobachtet werden. ...

We examine the impact of performance groups on the estimation of the relative importance of firm, industry and other effects on corporate performance. Performance groups comprise firms from the same industry with a similar ...