Outside Director Compensation in German Public Family Firms

An Empirical Analysis
2015
ISBN: 978-3-658-07315-2
Verlag: Springer

Buch, Englisch, 181 Seiten, Book, Format (B × H): 148 mm x 210 mm, Gewicht: 2653 g

Reihe: Familienunternehmen und KMU

Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly influence their firms' corporate conduct with their own set of goals, sometimes in conflict with economically driven goals of the capital markets. The author analyzes how family shareholders exert their influence on compensation schemes of outside directors who have the difficult task to protect the interests of family and non-family shareholders. This book provides insights on current approaches of defining a compensation scheme that attracts qualified outside directors but concurrently reflects respective shareholders' preferences.

Zielgruppe

Research

Autoren/Hrsg.

Engel, Pascal

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Personalwesen, Human Resource Management
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance

Inhaltsverzeichnis

Research on Family Firms.- Outside Directors' Pay Level.- Voluntary Disclosure of Outside Directors' Compensation.- Outside Directors' Pay Mix.

Über Autor(innen)

Dr. Pascal Engel wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar.