ENGLISH

Outside Director Compensation in German Public Family Firms: An Empirical Analysis

By Pascal Engel (auth.)

Book information

Publisher
Gabler Verlag
Year
2015
ISBN
978-3-658-07315-2, 978-3-658-07316-9
DOI
10.1007/978-3-658-07316-9
Language
english
Format
PDF
Filesize
2 MB (2310372 bytes)
Series
Familienunternehmen und KMU
Edition
1
Pages
181\193
Time added
2014-11-10 20:00:00
Management/Business for Professionals; Business St

Description

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.

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