Manager Remuneration, Share Buybacks and Firm Performance

Dawid H, Harting P, van der Hoog S (2019)
Industrial and Corporate Change 28(3): 681-706.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
Abstract / Bemerkung
Using a dynamic heterogeneous agent industry model, we examine the impact of manager remuneration schemes on firms' investment decisions and on the evolution of their competitiveness and share values. Whereas an increase in the share-based manager remuneration component is always beneficial to the manager, it is beneficial for shareholders only if such a change in the remuneration scheme is adopted by all firms in the industry. In that case, productivity growth is slowed down and workers' real wages are reduced.
Stichworte
etace_agent_based_modelling
Erscheinungsjahr
2019
Zeitschriftentitel
Industrial and Corporate Change
Band
28
Ausgabe
3
Seite(n)
681 - 706
ISSN
0960-6491
Page URI
https://pub.uni-bielefeld.de/record/2917019

Zitieren

Dawid H, Harting P, van der Hoog S. Manager Remuneration, Share Buybacks and Firm Performance. Industrial and Corporate Change. 2019;28(3):681-706.
Dawid, H., Harting, P., & van der Hoog, S. (2019). Manager Remuneration, Share Buybacks and Firm Performance. Industrial and Corporate Change, 28(3), 681-706. doi:10.1093/icc/dty073
Dawid, H., Harting, P., and van der Hoog, S. (2019). Manager Remuneration, Share Buybacks and Firm Performance. Industrial and Corporate Change 28, 681-706.
Dawid, H., Harting, P., & van der Hoog, S., 2019. Manager Remuneration, Share Buybacks and Firm Performance. Industrial and Corporate Change, 28(3), p 681-706.
H. Dawid, P. Harting, and S. van der Hoog, “Manager Remuneration, Share Buybacks and Firm Performance”, Industrial and Corporate Change, vol. 28, 2019, pp. 681-706.
Dawid, H., Harting, P., van der Hoog, S.: Manager Remuneration, Share Buybacks and Firm Performance. Industrial and Corporate Change. 28, 681-706 (2019).
Dawid, Herbert, Harting, Philipp, and van der Hoog, Sander. “Manager Remuneration, Share Buybacks and Firm Performance”. Industrial and Corporate Change 28.3 (2019): 681-706.
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OA Open Access