Publication detail

Compensation of the work of senior managers in large enterprises in the Czech republic

JANČÍKOVÁ, K.

Original Title

Compensation of the work of senior managers in large enterprises in the Czech republic

English Title

Compensation of the work of senior managers in large enterprises in the Czech republic

Type

conference paper

Language

Czech

Original Abstract

This article deals with the remuneration of senior managers in selected companies in the Czech Republic. The goal of management should be, above all, maximizing value for the owners, however, by separation of ownership and management, representation costs are incurred, and the manager can track interests other than those preferred by the owner. Effective manager remuneration is a specific issue for the entire economy, and the ideas for creating the best contract for rewarding managers are very different in practice. The article is based on a questionnaire survey in which work compensation and motivation of managers were identified. The respondents' views on the possible ways of linking their remuneration with the economic performance of the company were determined Jel Classification: D91, J33, M52

English abstract

This article deals with the remuneration of senior managers in selected companies in the Czech Republic. The goal of management should be, above all, maximizing value for the owners, however, by separation of ownership and management, representation costs are incurred, and the manager can track interests other than those preferred by the owner. Effective manager remuneration is a specific issue for the entire economy, and the ideas for creating the best contract for rewarding managers are very different in practice. The article is based on a questionnaire survey in which work compensation and motivation of managers were identified. The respondents' views on the possible ways of linking their remuneration with the economic performance of the company were determined Jel Classification: D91, J33, M52

Keywords

Performance pay, CEO remunaration, compensation, efficiency wage,

Key words in English

Performance pay, CEO remunaration, compensation, efficiency wage,

Authors

JANČÍKOVÁ, K.

Released

8. 8. 2019

Publisher

VŠB - Technical University of Ostrava

Location

Ostrava

ISBN

978-80-248-4279-0

Book

Economics and Business Management in the 21st Century

Edition number

1

Pages from

56

Pages to

66

Pages count

308

URL

https://www.ekf.vsb.cz/export/sites/ekf/erp21/.content/galerie-dokumentu/2018_sbornik_komplet.pdf

BibTex

@inproceedings{BUT154976,
  author="Kateřina {Procházková}",
  title="Compensation of the work of senior managers in large enterprises in the Czech republic",
  booktitle="Economics and Business Management in the 21st Century",
  year="2019",
  number="1",
  pages="56--66",
  publisher="VŠB - Technical University of Ostrava",
  address="Ostrava",
  isbn="978-80-248-4279-0",
  url="https://www.ekf.vsb.cz/export/sites/ekf/erp21/.content/galerie-dokumentu/2018_sbornik_komplet.pdf"
}