Analyse des rémunérations des dirigeants de sociétés suisses cotées en bourse entre 2007 et 2012 (Analysis of the Executive Compensation of Swiss Listed Companies Between 2007 and 2012)

SES Working Paper No. 449

27 Pages Posted: 7 May 2014

See all articles by Dušan Isakov

Dušan Isakov

University of Fribourg (Switzerland) - Faculty of Management, Economics and Social Sciences

Simone Parietti

University of Fribourg - Faculty of Economics and Social Science

Date Written: April 30, 2014

Abstract

French Abstract: Cet article analyse les rémunérations des dirigeants des sociétés suisses cotées en bourse entre 2007 et 2012. Dans un premier temps, nous exposons les différentes composantes du revenu ainsi que le rôle de chaque élément avant de jeter un regard critique sur le contenu informationnel des rapports de gestion en matière de rémunération. Nous présentons ensuite le contenu de la base de données que nous avons constituée à partir des informations publiées par les entreprises. L'article propose également une analyse descriptive des rémunérations des dirigeants percevant le revenu le plus élevé au sein de chaque société. Elle met notamment en évidence la relation positive existant entre le montant des rémunérations et la taille des entreprises.

English Abstract: This article analyses the executive compensation of Swiss listed firms over the period 2007-2012. We first describe the different components of pay packages as well as their role and then provide a critical analysis of the content of the compensation report section of annual reports. We then present the content of the database we have built. The information is hand collected, it is based on the information provided by the firms in their compensation report and covers all the firms listed on the market over the period. The article also proposes a descriptive analysis of the compensation of the executive with the highest pay in each firm. We document a strong positive relationship between the amount of compensation and the size of the firm.

Note: Downloadable document is in French.

Keywords: Rémunérations, dirigeants, performance, bonus, actions, options, rapports annuels, base de données

JEL Classification: G30, D31

Suggested Citation

Isakov, Dušan and Parietti, Simone, Analyse des rémunérations des dirigeants de sociétés suisses cotées en bourse entre 2007 et 2012 (Analysis of the Executive Compensation of Swiss Listed Companies Between 2007 and 2012) (April 30, 2014). SES Working Paper No. 449, Available at SSRN: https://ssrn.com/abstract=2432158 or http://dx.doi.org/10.2139/ssrn.2432158

Dušan Isakov (Contact Author)

University of Fribourg (Switzerland) - Faculty of Management, Economics and Social Sciences ( email )

Fribourg, CH 1700
Switzerland

HOME PAGE: http://www3.unifr.ch/cgf/en/

Simone Parietti

University of Fribourg - Faculty of Economics and Social Science ( email )

Fribourg, CH 1700
Switzerland

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