This paper explores the role of globalisation in the rise of executive pay in Austria and Germany. According to Dalia Marin, firms more exposed to international competition engage in talent fairs to search and attract skilled workers. She also finds that seniority related pay varies for different levels of foreign competition suggesting that firms increase CEO pay when faced with the threat of losing their senior executives, while seniority in office itself does not lead to higher pay. These findings support the idea of a ‘war for talent‘ that is triggered by international trade.
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ebkcwlcgmin 13th December 2011
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Keli 13th December 2011
That's a smart way of loionkg at the world.
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