Testing the Participation Constraint in the Executive Labour Market
| Autor: | Brian G. M. Main, Ian Gregory-Smith |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
Labour economics ComputingMilieux_THECOMPUTINGPROFESSION Sociology and Political Science media_common.quotation_subject 05 social sciences Principal–agent problem Exectuive pay labour market participation managerial power Power (social and political) Promotion (rank) 0502 economics and business Economics 050207 economics 050203 business & management media_common Participation constraint |
| Zdroj: | Gregory-Smith, I & Main, B 2016, ' Testing the participation constraint in the executive labour market ', Scottish Journal of Political Economy, vol. 63, no. 4, pp. 399-426 . https://doi.org/10.1111/sjpe.12102 |
| ISSN: | 0036-9292 |
| DOI: | 10.1111/sjpe.12102 |
| Popis: | This paper examines the workings of the executive labour market in a panel ofUK listed companies. Directors are found to move jobs regularly - both withincompanies and between companies. Consistent with an active labour market,directors who are underpaid relative to their comparable peers are particularlylikely to leave for higher paying jobs in other companies. Those who move betweencompanies secure more favourable terms than those who move within their firm- even when the move does not involve promotion. The evidence suggests thatmarket forces, while far from the only consideration, do need to be incorporatedinto explanations of this sector of the labour market. |
| Databáze: | OpenAIRE |
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