Behavioral Accounting and Corporate Governance : Compensation Regimes with the Example of UBS Switzerland
Type
conference paper
Date Issued
2011-04-20
Author(s)
Abstract
In this article compensation regimes as an application of behavioral accounting research in the field of corporate governance are investigated and underlying incentive regimes are described. During the financial crisis 2007-2009 UBS Switzerland revised its compensation regime for executive and non-executive managers. We find that the revised compensation regime incorporates substantial elements of the prevailing behavioral theories of principal-agency and stewardship and that different forms of variable and fixed compensation components are established with the intend to adjust to the specific type of management behavior.
Language
English
Keywords
Behavioral accounting
corporate governance
compensation
Switzerland
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
EAA 2012
Publisher
EAA European Accounting Association
Publisher place
Brüssel
Start page
222
Event Title
34th Annual Congress European Accounting Association (EAA)
Event Location
Rom
Event Date
20.-22.04.2011
Subject(s)
Eprints ID
161291