Description
Outside Director Compensation in German Public Family Firms, 2015
An Empirical Analysis
Familienunternehmen und KMU Series
Author: Engel Pascal
Language: EnglishSubjects for Outside Director Compensation in German Public Family Firms:
Keywords
Compensation; Family Firms; Outside Directors; Pay Level; Pay Mix; Shareholder
Publication date: 10-2014
181 p. · 14.8x21 cm · Paperback
181 p. · 14.8x21 cm · Paperback
Description
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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.
Research on Family Firms.- Outside Directors' Pay Level.- Voluntary Disclosure of Outside Directors' Compensation.- Outside Directors' Pay Mix.
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.
Study in the field of economic sciences
Includes supplementary material: sn.pub/extras
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