Increasing attention has been given to the fact that some multinational enterprises shift income to tax haven countries, an activity that generates inequality in corporate taxation. Here, we examine how profit shifting relates to wage inequality. Using rich matched employer-employee data from Norway...
This paper presents new estimates of wage inequality in the United States from 1918 to 1949. Building upon a new top-income methodology, we provide various definitions of top wage groups that account for the sharp fluctuations in the employed population during this period. The results confirm the de...
We investigate the impact of professional networks on men's and women's earnings, using a dataset of European and North American executives. The size of an individual's network of influential former colleagues has a large positive association with remuneration, with an elasticity of around 21%. Howe...
ORIENTATION: Rising levels of executive compensation amidst the widening inequality, unemployment, poverty and other socio-economic challenges have raised questions among policymakers, academics and practitioners alike on the best ways to resolve this conundrum. RESEARCH PURPOSE: The main objective...
: This paper investigates the dynamics of complexity and expertise in the context of compensation committees (CCS). Drawing on semistructured interviews, mostly with cc members and consultants, we bring to light two axes of subordination that impact the mindset of corporate governance participants,...
"This paper investigates the dynamics of complexity and expertise in the context of compensation committees (CCS). Drawing on semistructured interviews, mostly with cc members and consultants, we bring to light two axes of subordination that impact the mindset of corporate governance participants, a...
We develop a model to study the impact of corporate governance on firm investment decisions and industry competition. In the model, governance structure affects the distribution of shares among short-and long-term oriented investors, the robustness of the management regarding possible stockholder in...
We develop a model to study the impact of corporate governance on firm investment decisions and industry competition. In the model, governance structure affects the distribution of shares among short-and long-term oriented investors, the robustness of the management regarding possible stockholder in...
The objective of this article is to highlight the interest and the limits of virtual reality technology borrowed from online multiplayer environments, and transposed at university into the design of a project management course in a Master degree. In this purpose, we discuss more particularly the con...
We develop a model to study the impact of corporate governance on firm investment decisions and industry competition. In the model, governance structure affects the distribution of shares among short- and long-term oriented investors, the robustness of the management regarding pos- sible stockholder...
Downsizing is: a) motivated by incentive compensation of executives, and b) negatively related to corporate social responsibility (CSR) perceptions. Yet, the link between executive compensation and CSR perceptions in downsizing contexts has not been examined. We examine this issue in four countries,...
The element of training is taken into account seriously by universities providing tourism education degrees, hence the development of "sandwich" undergraduate courses that incorporate a period of industrial placement aiming at the blending of theory with practical experience through experiential lea...
Selon la théorie des parties prenantes, la Responsabilité Sociétal de l’Entreprise (RSE) est la réponse donnée par les entreprises à la pression croissantes des employées, actionnaires, communautés locales, ONG environnementales ou régulateurs afin de prendre en compte les impacts environnementaux e...
Licensed professionals, such as accountants and lawyers, play a variety of roles when they sit on corporate boards. This paper sheds light on what role professional-directors play under what circumstances, and its consequences for corporate performance. We develop a theory that links professional ro...
We analyze the governance structure of three main French banking groups (BNP Paribas, Crédit Agricole, and Société Générale) in the context of the global financial crisis. To this end, We, first, show the heterogeneity within the ownership structures of these three banks, which points differences wi...
There is a great deal of literature regarding use of non-geographically based connectivity matrices or combinations of geographic and non-geographic structures in spatial econometrics models. We explore alternative approaches for constructing convex combinations of different types of dependence betw...
ORIENTATION: The level of chief executive officer (CEO) compensation and its relationship with organisational performance has generated considerable interest worldwide. In light of compromised mining productivity as a result of the recent labour unrest in South Africa, some commentators have questio...
This paper aims to provide a detailed analysis of the relationship between board leadership structures and executive compensation. According to agency theory, the combined position of CEO and Chairperson of the Board (COB) entails greater compensation for the CEO in order to reduce conflicts of inte...
"We developed a principal - agent model that coherently and parsimoniously explains previous findings from research on executive compensation in family firms. We introduce organizational identification in the model in order to capture the effect of family firms’ distinctive characteristics on the ag...
To analyze the impact of labor market competition on the structure of compensation, we embed multitasking and screening within a Hotelling framework. Competition for talent leads to an escalation of performance pay, shifting effort away from long-term investments, risk management, and cooperation. E...
We analyze the payout channel choice of listed UK firms and examine whether the choice between dividends, share repurchases, a combination of payout channels, or complete earnings retention is affected by investor sentiment, taxation, major shareholder ownership, and in particular the CEO's compensa...
The rise of modern corporations has been accompanied by an expansion of salaried executives who have replaced owner-managers. With this expansion, the new class of managers/executives came to regard themselves as stewards of large and complex corporations, and not principally or exclusively as agent...
We study the gender pay gap for all top managers (CEO and executive directors) of listed UK companies and find mixed evidence: female CEOs do not face a pay gap, but the other female executive directors (e.g. CFO, COO, Deputy CEO) are discriminated against (while controlling for position, tenure, ag...
Last week, Eric Chemi and Ariana Giorgi published an interesting article on "The Pay-for-Performance Myth" With all the public chatter about exorbitant executive compensation and income inequality, it’s useful to look at the relationship between chief executive officer pay and corporate performance....