Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses. Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: Betriebswirtschaftliche Forschung und Praxis, Jahrgang 71, Nr. 2, 2019, S. 214-262.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses.
T2 - Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX
AU - Velte, Patrick
AU - Weber, Luka
PY - 2019
Y1 - 2019
N2 - This research examines the results of the empirical literature on the relationship between non executive board compensation (and audit committees), corporate governance quality, and firm performance. In addition, we tackle a lack of research and investigate the sustainability of compensation systems in an applied two-tier system. Our sample comprises all DAX30, MDAX, SDAX, and TecDAX listed arms from the business years 2010 to 2015. We derive recommendations for practical and regulatory action to encourage a sustainable compensation of supervisory boards. In contrast to the US-american board system, there is no empirical evidence for the relationship between supervisory board compensation, corporate governance quality, and firm performance for the German two-tier system. Our results show that most firms in our sample do not incentivize their supervisory board and audit committee with a sustainable compensation system.
AB - This research examines the results of the empirical literature on the relationship between non executive board compensation (and audit committees), corporate governance quality, and firm performance. In addition, we tackle a lack of research and investigate the sustainability of compensation systems in an applied two-tier system. Our sample comprises all DAX30, MDAX, SDAX, and TecDAX listed arms from the business years 2010 to 2015. We derive recommendations for practical and regulatory action to encourage a sustainable compensation of supervisory boards. In contrast to the US-american board system, there is no empirical evidence for the relationship between supervisory board compensation, corporate governance quality, and firm performance for the German two-tier system. Our results show that most firms in our sample do not incentivize their supervisory board and audit committee with a sustainable compensation system.
KW - Betriebswirtschaftslehre
KW - Nachhaltigkeitswissenschaft
UR - http://www.scopus.com/inward/record.url?scp=85065223493&partnerID=8YFLogxK
M3 - Zeitschriftenaufsätze
VL - 71
SP - 214
EP - 262
JO - Betriebswirtschaftliche Forschung und Praxis
JF - Betriebswirtschaftliche Forschung und Praxis
SN - 0340-5370
IS - 2
ER -