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• W1750822631 abstract "This paper analyzes the existence of a potential link between the prevalence of long term incentive compensation schemes and the economic prosperity of a country. This issue is previously not addressed in the literature. In a panel regression with fixed effects a strongly significant, positive effect is found between growth of GDP/capita in real terms and this prevalence, while controlling for general investment and institutional variables. However, when the 22 countries of the study are divided into European and non-European, the growth effect found for the entire material accrues only to the non-European countries. It is concluded that long term incentive contracts seem to have no effect in the European countries due to labor market and cultural reasons." @default.
• W1750822631 created "2016-06-24" @default.
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• W1750822631 date "2008-01-01" @default.
• W1750822631 modified "2023-10-18" @default.
• W1750822631 title "Executive Incentive Compensation and Economic Prosperity" @default.
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