Work detail

Determinants of Executive Compensation in Czech Companies

Author: Bc. Tibor Keše
Year: 2014 - summer
Leaders: doc. PhDr. Adam Geršl Ph.D.
Work type: Bachelors
Language: English
Pages: 63
Awards and prizes: B.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good bachelors diploma thesis.
Abstract: In this thesis we assess executive compensation in the Czech R
epublic. Our study adds to scarce literature written on this topic regarding the Czech environment. We analyze a dataset of 100 large Czech companies, we try to find the factors influencing income of Czech managers and we compare our results to existing empirical research. We found that factors
such as company’s size, performance or concentration and nature of ownership are determinants of the level of executive compensation. Further more, we find that annual growth
in managerial income is to some extent sensitive to annual performance of the company. We conclude that the environment of executive compensation in the Czech Republic fits predictions of both underlying theories, optimal contracting and rent extraction view, and the compensation culture seems compa
rable to other countries


Česká Spořitelna


Patria Finance