Firms' Managerial Policies

Andrea Prat, Oriana Bandiera, Luigi Guiso and Raffaella Sadun

in The Ruling Class

Published in print September 2010 | ISBN: 9780199588282
Published online January 2011 | e-ISBN: 9780191595417 | DOI:
Firms' Managerial Policies

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This chapter analyses the incentive structure faced by managers of Italian firms. It shows evidence on several dimensions of incentives, ranging from explicit short-term incentives related to objective measures of performance (i.e., bonus pay) to implicit long-term incentives such as the role of personal relationships on the managers' career prospects.

Keywords: manager; incentives; bonuses; multinational; domestic

Chapter.  3593 words.  Illustrated.

Subjects: Financial Markets

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