CEU Electronic Theses and Dissertations, 2011
| Author | Hashweh, Zuhdi Maher |
|---|---|
| Title | Executive Compensation in Hungary |
| Summary | In this paper, I aim to shed light on the nature of executive compensation in Hungary between 1994 and 2008. I divide the managers into first and second rank managers, and through observing their wages, regular bonuses, and non-regular bonuses as well as gender status, human capital measures and firm information, I set forth to observe whether executive compensation can be explained accordingly, or whether there exist hints of managerial entrenchment. After using Ordinary Least Squares and Fixed Effects Estimation methods and conducting different robustness checks, I find that the forms of compensation used in this paper are not affected by common measures of firm size and performance, but only by gender status, human capital measures, and ownership type, which indicates that firm performance and firm size have no effect on executive compensation, which raises questions about the role of managers in controlling their own salaries through private benefits of control and managerial entrenchment. |
| Supervisor | Telegdy, Álmos |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2011/hashweh_zuhdi.pdf |
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