Remuneration of Executives in German Prime Standard Firms - Empirical Evidence (Verguetung von Vorstandsorganen deutscher Aktiengesellschaften: Ergebnisse einer Analyse der deutschen Prime Standard Unternehmen)

Zeitschrift für Corporate Governance, Vol. 2, pp. 901-905, 2009

8 Pages Posted: 6 Mar 2009

See all articles by Cornelia Ernst

Cornelia Ernst

Technische Universität München (TUM) - Chair of Business and International Financial Management

Marc Steffen Rapp

University of Marburg - School of Business & Economics; University of Marburg - Marburg Centre for Institutional Economics (MACIE)

Michael Wolff

University of Göttingen

Date Written: January 30, 2009

Abstract

There is a heated debate about executive remuneration in Germany. However, so far there is little more than anecdotic evidence about the structure and size of compensation packages for executives in Germany. In this paper, we provide evidence on remuneration practices in the average German Prime Standard firm. In particular, we show that only analyzing DAX blue chips produces biased results, since there are substantial size effects.

Note: Downloadable document is in German.

Keywords: Executive compensation, remuneration, Germany

Suggested Citation

Ernst, Cornelia Maria and Rapp, Marc Steffen and Wolff, Michael, Remuneration of Executives in German Prime Standard Firms - Empirical Evidence (Verguetung von Vorstandsorganen deutscher Aktiengesellschaften: Ergebnisse einer Analyse der deutschen Prime Standard Unternehmen) (January 30, 2009). Zeitschrift für Corporate Governance, Vol. 2, pp. 901-905, 2009. Available at SSRN: https://ssrn.com/abstract=1354565

Cornelia Maria Ernst

Technische Universität München (TUM) - Chair of Business and International Financial Management ( email )

Munich, 80290
Germany

Marc Steffen Rapp (Contact Author)

University of Marburg - School of Business & Economics ( email )

Am Plan 2
Marburg, D-35037
Germany

University of Marburg - Marburg Centre for Institutional Economics (MACIE) ( email )

Am Plan
Marburg, 35032
Germany

Michael Wolff

University of Göttingen ( email )

Platz der Göttinger Sieben 3
Göttingen, DE 37073
Germany

HOME PAGE: http://www.contolling.uni-goettingen.de

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