Behavioral Accounting and Corporate Governance: Compensation Regimes with the Example of UBS Switzerland

20 Pages Posted: 6 Oct 2010 Last revised: 9 Oct 2010

Date Written: October 1, 2010

Abstract

In this article compensation regimes as an application of behavioral accounting research in the field of corporate governance are investigated and underlying incentive regimes are described. During the financial crisis 2007-2009 UBS Switzerland revised its compensation regime for executive and non-executive managers. I find that the revised compensation regime incorporates substantial elements of the prevailing behavioral theories of principle-agency and stewardship and that different forms of variable and fixed compensation components are established with the intend to adjust to the specific type of management behavior.

Keywords: Behavioral accounting, corporate governance, Switzerland

JEL Classification: M4, M41

Suggested Citation

Offenhammer, Christian, Behavioral Accounting and Corporate Governance: Compensation Regimes with the Example of UBS Switzerland (October 1, 2010). Available at SSRN: https://ssrn.com/abstract=1687021 or http://dx.doi.org/10.2139/ssrn.1687021

Christian Offenhammer (Contact Author)

University of St. Gallen ( email )

Varnbuelstr. 14
Saint Gallen, St. Gallen CH-9000
Switzerland

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