Aufsatz, Deutsch, de Gruyter
Erscheinungsdatum: 2013
Quelle: Zeitschrift für Wirtschaftspolitik
Seitenangabe: 95-111
Aufrufe gesamt: 10, letzte 30 Tage: 1
This paper examines the loss participation of executives following the German law of adequacy of executive directors’ compensation (VorstAG). First I provide an overview and discussion of the relevant law’ contents. To examine the potential economic impact of the loss participation, a modified tournament model is introduced. The model implies that the aspired participation succeds only partially. Hence, the law might probably fail in it’s purpose of lowering executive directors’ compensation.
Fachthemen