役員報酬入門<br>An Introduction to Executive Compensation

役員報酬入門
An Introduction to Executive Compensation

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  • 製本 Hardcover:ハードカバー版／ページ数 350 p.
  • 言語 ENG
  • 商品コード 9780120771264
  • DDC分類 332

基本説明

Explains how, under varying conditions, one might construct a compensation package that optimizes an exective's and a corporation's performance.

Full Description


General readers have no idea why people should care about what executives are paid and why they are paid the way they are. That's the reason that "The Wall Street Journal", "Fortune", "Forbes", and other popular and practitioner publications have regular coverage on them. This book not only proposes a reason - executives need incentives in order to maximize firm value (economists call this 'agency theory') - it also describes the nature and design of executive compensation practices. Those incentives can take the form of benefits (salary, stock options), perquisites (reflecting the status of the executive within the organizational culture. This book is important because it takes the elements of an executive compensation package apart, analyzing them in the contexts of both economic theory and corporate practice and then explains how, under varying conditions, one might construct a compensation package that optimizes an executive's and a corporation's performance.Following are the key features: It presents an objective analysis of current executive compensation practices; comprehensive reviews of academic literature and extant practice; explains and illustrates the various components of the compensation package; and discusses the incentive, financial reporting, tax, political, equity, and firm value effects of those components.

Contents

Part IAn introduction to designing the executive compensation contract Part II: The Components of the Compensation Package Salary Bonus (Short and Long Term) Stock Grants and Options Deferred Compensation Part III: Related Issues Ownership of the Corporation Corporate Governance Part IV: Designing the Compensation Contract Is Executive Compensation Really that High? The Effect of Corporate and Executive Characteristics on Designing an Optimal Compensation Contract Designing the Executive Compensation Contract Conclusion: Recent Trends and the Future of Executive Compensation