Determinants of Executive Compensation in Czech Companies
| Název práce v češtině: | Faktory ovlivňující manažerské platy v českých firmách |
|---|---|
| Název v anglickém jazyce: | Determinants of Executive Compensation in Czech Companies |
| Klíčová slova: | Executive compensation, optimal contracting, rent extraction, performance sensitivity |
| Akademický rok vypsání: | 2011/2012 |
| Typ práce: | bakalářská práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | doc. PhDr. Adam Geršl, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 05.06.2012 |
| Datum zadání: | 05.06.2012 |
| Datum a čas obhajoby: | 16.06.2014 00:00 |
| Místo konání obhajoby: | IES |
| Datum odevzdání elektronické podoby: | 09.05.2014 |
| Datum proběhlé obhajoby: | 16.06.2014 |
| Oponenti: | PhDr. Tomáš Klinger, Ph.D. |
| Kontrola URKUND: | |
| Seznam odborné literatury |
| Barkema, H. G., & Gomez-mejia, L. R. (1996). MANAGERIAL COMPENSATION AND FIRM PERFORMANGE : A GENERAL RESEARCH FRAMEWORK
Bebchuk, L., & Fried, J. M. (2005). Pay Without Performance: Overview of the Issues. Journal of Applied Corporate Finance Eriksson, T. (2005). Managerial pay and executive turnover in the Czech and Slovak Republics. The Economics of Transition Gomez-Mejia, L., & Wiseman, R. (1997). Reframing executive compensation: An assessment and outlook. Journal of Management |
| Předběžná náplň práce |
| In this thesis we will assess executive compensation in the Czech Republic. Our study will add to scarce literature written on this topic regarding the Czech environment. We will analyze a dataset of 100 large Czech companies, we will try to find the factors influencing income of Czech managers and we will compare our results to existing empirical research. We will assess whether factors such as company’s size, performance or concentration and nature of ownership are determinants of the level of executive compensation. Furthermore, we will try to find whether annual growth in managerial income is to some extent sensitive to annual performance of the company. We will try to conclude wheter the environment of executive compensation in the Czech Republic fits predictions of both underlying theories, optimal contracting and rent extraction view, and whether the compensation culture seems comparable to other countries. |