EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:
Title:French CEO compensations: what is the cost of a mandatory upper limit? PDF Logo
Authors:Llense, Fabienne
Issue Date:2008
Series/Report no.:CESifo working paper 2402
Abstract:In the middle of the nineties, the sharp increase in globalisation and the last privatization wave have promoted the shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model is simulated in order to assess to what extend such a model could explain the observed CEO compensations. The size elasticity of compensation in France is equal to 0.5 and justifies a large magnitude in compensation. To moderate those compensations, a wage cap is often called for by opinion and the European left but also, more surprisingly, by representative of shareholders. The cost of this policy is evaluated in this sorting model and the lobbying of shareholders is explained.
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
577849034.PDF240.1 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.