Determinants of Executive Compensation in Czech Companies
| Thesis title in Czech: | Faktory ovlivňující manažerské platy v českých firmách |
|---|---|
| Thesis title in English: | Determinants of Executive Compensation in Czech Companies |
| Key words: | Executive compensation, optimal contracting, rent extraction, performance sensitivity |
| Academic year of topic announcement: | 2011/2012 |
| Thesis type: | Bachelor's thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | doc. PhDr. Adam Geršl, Ph.D. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 05.06.2012 |
| Date of assignment: | 05.06.2012 |
| Date and time of defence: | 16.06.2014 00:00 |
| Venue of defence: | IES |
| Date of electronic submission: | 09.05.2014 |
| Date of proceeded defence: | 16.06.2014 |
| Opponents: | PhDr. Tomáš Klinger, Ph.D. |
| URKUND check: | |
| References |
| 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 |
| Preliminary scope of work |
| 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. |