Management remuneration schemes aimed at growth in shareholder value of companies
Journal Title: Zarządzanie i Finanse - Year 2014, Vol 12, Issue 3
Abstract
The recent financial crisis was accompanied by extreme diversification of wages. High bonuses paid to managers who had brought their companies to the brink outraged the public opinion. Accordingly, motivation systems need to be re-examined in the light of the agency theory as well as with respect to moral hazard connected with motivating managers and employees to multiply their wealth at the expense of the shareholders and the whole society. Theoretical analyses, numerous debates and the author's own experience have led to conclusions contained in the recommendations of the European Financial Congress which aim at improving incentive systems for sustainable growth in shareholder value of companies in the long term.
Authors and Affiliations
Leszek Pawłowicz
Keywords
Related Articles
- EP ID EP105592
- DOI -
- Views 83
- Downloads 0
Copper Price Discovery on the Shanghai Futures Exchange
We estimated a VECM VCC-MGARCH on the weekly sampled series of copper futures with the maturities ranging from 1 to 6 months called on the Shanghai Futures Exchange in the period January 2006-December 2014 to find out t...
Źródła finansowania rozwoju małych i średnich przedsiębiorstw w Polsce i Unii Europejskiej
Sektor małych i średnich przedsiębiorstw odgrywa istotną rolę w gospodarce narodowej z uwagi na fakt, że wytwarza znaczącą część PKB oraz generuje liczne miejsca pracy. Niestety, sektor ten napotyka na drodze swojego roz...
Identification of cost centers in financial and management accounting
This article presents the identification rules applicable cost centers in financial and management accounting. Due to the different tasks of each of these subsystems accounting principles applicable to them are not ident...
The importance of the bank's corporate social responsibility in the theory and practice of banking
The paper presents the essence and meaning of the bank's corporate social responsibility in the context of contemporary expectations of banks / banking sector, the theoretical understanding of the term responsibili...
Measuring the effectiveness of corporate social responsibility
The article presents the issue of social responsibility, and above all its mul-tidimensionality in business. The problem is also distributed multidimensional benefits of CSR. It also shows the difficulty of measuring the...