This paper provides an overview of the German corporate governance system. We review
the governance role of large shareholders, creditors, the product market and the supervisory …

The theory and research on chief executive officer (CEO) compensation tends to be
dominated by assumptions and values reflective of those dominant in the national culture of …

Prior studies on Japanese executive compensation have been constrained by the lack of
longitudinal data on individual CEO pay. Using unique 10-year panel data on individual …

The economic analysis of corporate governance is in vogue. In addition to a host of
theoretical papers, an increasing number of empirical studies analyze how ownership …

This paper investigates whether corporate diversification, both international and industrial,
provides a favourable environment for earnings management. We find that international …

Given concerns over CFO pay, especially incentives, and considering the tension between a
CFO's fiduciary responsibility and being a key member of the firm's executive team, we …

Understanding executive compensation and its effects helps design better organizations.
Research on this area is thus of paramount importance. For large US companies, the …

The use of equity incentives is significantly greater in countries with stronger insider trading
restrictions, and these higher incentives are associated with higher total pay. These findings …

This paper analyses whether the German corporate governance is converging towards
Anglo-American practices. We summarise the extant empirical evidence on the various …

In this paper, we study the effect a CEO's international work experience has on his or her
compensation. By combining human capital theory with a resource dependence and a …