Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses.: Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX

Patrick Velte; Luka Weber

Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses. Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX

Translated title of the contribution: Function-, incentive- And expense-related compensation of supervisory boards and audit committees: Empirical Evidence in the German DAX 30, MDAX, SDAX and TecDAX

Professorship of Business Administration, esp. Accounting, Auditing & Corporate Governance

Research output: Journal contributions › Journal articles › Research › peer-review

Abstract

This research examines the results of the empirical literature on the relationship between non executive board compensation (and audit committees), corporate governance quality, and firm performance. In addition, we tackle a lack of research and investigate the sustainability of compensation systems in an applied two-tier system. Our sample comprises all DAX30, MDAX, SDAX, and TecDAX listed arms from the business years 2010 to 2015. We derive recommendations for practical and regulatory action to encourage a sustainable compensation of supervisory boards. In contrast to the US-american board system, there is no empirical evidence for the relationship between supervisory board compensation, corporate governance quality, and firm performance for the German two-tier system. Our results show that most firms in our sample do not incentivize their supervisory board and audit committee with a sustainable compensation system.

Translated title of the contribution	Function-, incentive- And expense-related compensation of supervisory boards and audit committees: Empirical Evidence in the German DAX 30, MDAX, SDAX and TecDAX
Original language	German
Journal	Betriebswirtschaftliche Forschung und Praxis
Volume	71
Issue number	2
Pages (from-to)	214-262
Number of pages	49
ISSN	0340-5370
Publication status	Published - 2019

Research areas and keywords

Management studies
Sustainability Science

ASJC Scopus Subject Areas

Economics and Econometrics
Business, Management and Accounting(all)
Business and International Management

Cite this

@article{23abaa1f1ed94e4e9466f54a0cd0a9a4,

title = "Funktions-, anreiz- und aufwandsorientierte Verg{\"u}tung des Aufsichtsrats und Pr{\"u}fungsausschusses.: Empirische Ausgestaltung des Verg{\"u}tungssystems im DAX30, MDAX, SDAX und TecDAX",

abstract = "This research examines the results of the empirical literature on the relationship between non executive board compensation (and audit committees), corporate governance quality, and firm performance. In addition, we tackle a lack of research and investigate the sustainability of compensation systems in an applied two-tier system. Our sample comprises all DAX30, MDAX, SDAX, and TecDAX listed arms from the business years 2010 to 2015. We derive recommendations for practical and regulatory action to encourage a sustainable compensation of supervisory boards. In contrast to the US-american board system, there is no empirical evidence for the relationship between supervisory board compensation, corporate governance quality, and firm performance for the German two-tier system. Our results show that most firms in our sample do not incentivize their supervisory board and audit committee with a sustainable compensation system.",

keywords = "Betriebswirtschaftslehre, Nachhaltigkeitswissenschaft",

author = "Patrick Velte and Luka Weber",

year = "2019",

language = "Deutsch",

volume = "71",

pages = "214--262",

journal = "Betriebswirtschaftliche Forschung und Praxis",

issn = "0340-5370",

publisher = "NWB Verlag",

number = "2",

}

Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses. Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX. / Velte, Patrick ; Weber, Luka.
In: Betriebswirtschaftliche Forschung und Praxis, Vol. 71, No. 2, 2019, p. 214-262.

Research output: Journal contributions › Journal articles › Research › peer-review

TY - JOUR

T1 - Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses.

T2 - Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX

AU - Velte, Patrick

AU - Weber, Luka

PY - 2019

Y1 - 2019

N2 - This research examines the results of the empirical literature on the relationship between non executive board compensation (and audit committees), corporate governance quality, and firm performance. In addition, we tackle a lack of research and investigate the sustainability of compensation systems in an applied two-tier system. Our sample comprises all DAX30, MDAX, SDAX, and TecDAX listed arms from the business years 2010 to 2015. We derive recommendations for practical and regulatory action to encourage a sustainable compensation of supervisory boards. In contrast to the US-american board system, there is no empirical evidence for the relationship between supervisory board compensation, corporate governance quality, and firm performance for the German two-tier system. Our results show that most firms in our sample do not incentivize their supervisory board and audit committee with a sustainable compensation system.

AB - This research examines the results of the empirical literature on the relationship between non executive board compensation (and audit committees), corporate governance quality, and firm performance. In addition, we tackle a lack of research and investigate the sustainability of compensation systems in an applied two-tier system. Our sample comprises all DAX30, MDAX, SDAX, and TecDAX listed arms from the business years 2010 to 2015. We derive recommendations for practical and regulatory action to encourage a sustainable compensation of supervisory boards. In contrast to the US-american board system, there is no empirical evidence for the relationship between supervisory board compensation, corporate governance quality, and firm performance for the German two-tier system. Our results show that most firms in our sample do not incentivize their supervisory board and audit committee with a sustainable compensation system.

KW - Betriebswirtschaftslehre

KW - Nachhaltigkeitswissenschaft

UR - https://www.scopus.com/pages/publications/85065223493

M3 - Zeitschriftenaufsätze

SN - 0340-5370

VL - 71

SP - 214

EP - 262

JO - Betriebswirtschaftliche Forschung und Praxis

JF - Betriebswirtschaftliche Forschung und Praxis

IS - 2

ER -

Funktions-, anreiz- und aufwandsorientierte Vergütung des Aufsichtsrats und Prüfungsausschusses. Empirische Ausgestaltung des Vergütungssystems im DAX30, MDAX, SDAX und TecDAX

Abstract

Research areas and keywords

ASJC Scopus Subject Areas

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Cite this