Determinants of share-based compensation plans in Central and Eastern European public companies: An institutional analysis

Marion Festing; Ihar Sahakiants

doi:10.5771/0949-6181-2011-4-338

Contents
- Chapter Expand | CollapseAuthorsPage
- 279–282 Titelei/Inhaltsverzeichnis 279–282
- 283–285 Editorial Eckhard Dittrich Eckhard Dittrich 283–285
- 286–357 Articles 286–357
  - 286–314 Competence-building in foreign subsidiaries: The case of new EU member states Sergey Filippov, Geert Duysters Sergey Filippov, Geert Duysters 286–314
  - 315–337 Job satisfaction and turnover under the effect of person- organization fit in Albanian public organizations Mimoza Kasimati Mimoza Kasimati 315–337
  - 338–357 Determinants of share-based compensation plans in Central and Eastern European public companies: An institutional analysis Marion Festing, Ihar Sahakiants Marion Festing, Ihar Sahakiants 338–357
- 358–370 Research Note 358–370
  - Strategic fit between business strategies in the post-acquisition period and acquisition performance Matej Lahovnik Matej Lahovnik
- 371–397 News / Information 371–397
- 398–399 Contents of JEEMS Vol 16, 2011 398–399
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JEEMS Journal of East European Management Studies , page 338 - 357

Determinants of share-based compensation plans in Central and Eastern European public companies: An institutional analysis

Autoren

Marion Festing Ihar Sahakiants

DOI
- doi.org/10.5771/0949-6181-2011-4-338
- ISSN: 0949-6181
- ISSN online: 1862-0019
Zusammenfassung

Im Zentrum des vorliegenden Artikels stehen aktienbasierte Vergütungspläne in mittel- und osteuropäischen (MOE) Aktiengesellschaften, die in den nationalen Leitindizes in Polen (WIG 20), der Tschechischen Republik (PX) und Ungarn (BUX) vertreten sind. Die Analyse zeigt, dass die Verbreitung dieser Praktiken wesentlich von den Charakteristika der Hauptaktionäre der Unternehmen abhängt. Hier stellen der Staat und die ausländischen Unternehmen die wichtigsten Einflussfaktoren dar. Die Ergebnisse der Studie werden vor dem Hintergrund des regulativen Kontextes in den jeweiligen Ländern diskutiert.

Abstract

This paper discusses the adoption of share-based compensation plans among Central and Eastern European (CEE) public companies composing major national stock exchange indices in Poland (WIG 20), the Czech Republic (PX) and Hungary (BUX). The analysis shows that the spread of such pay practices depends on the characteristics of major shareholders of the company, the state and foreign parent companies being the most prominent influencing factors. The results are discussed in the light of the legal environment in respective countries.
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