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The book delves into the theory of executive compensation, highlighting two main approaches: optimal compensation contracting, which addresses attracting and motivating executives, and the power dynamics allowing managers to set excessive pay. It reviews evidence on pay composition and levels over time, comparing global practices across industries. The decision-making processes behind pay structures are also analyzed. Ultimately, the work emphasizes the significant impact of pay structures on firm performance and outcomes.
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Executive Compensation, Raghavendra Rau
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- Année de publication
- 2017
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