The Rise in Executive Compensation - Consequence of a ‛War for Talents‛?

摘要: The rise in executive compensation has triggered a great amount of public controversy and academic research. Critics have referred to the salaries paid managers as “pay without performance”, while defenders countered that large can be explained by “war for talents”. This research tests whether war talent provides an explanation. recent years is assumption that, over past decades, general managerial skills become more important relative firm-specific knowledge production managers. A shift toward transferable requires higher compensation, particularly firms, attract retain talents. Relying on internationalized deregulated labor market, i.e. Swiss banking sector, empirical findings confirm firms indeed explanation compensation. However, towards does not improve firm performance, giving no supporting evidence talent. It discussed how may used legitimize at top, e.g. promulgating definitions elite labour markets.