The impact of family influence and supervisory boards on the basis of executive compensation: Evidence from Germany

In the international literature, there exists a lively discussion about fundamentals of different executive compensation models. Executive is relevant not only from point view corporate management but also governance and here potential information asymmetries misconduct. Internal or external metrics, in particular, are used as basis for compensation. family businesses, which per se less likely to offer variable their executives, it assumed that internal rather than metrics more be This paper tests this thesis on an empirical survey 113 German companies. The study shows clear differences use — fact has so far been addressed other studies.