Is pay related to performance in The Netherlands? An analysis of Dutch executive compensation, 2002-2006

Gerwin van der Laan; Hans van Ees; Arjen van Witteloostuijn

doi:10.1007/s10645-010-9140-7

Is pay related to performance in The Netherlands? An analysis of Dutch executive compensation, 2002-2006

Gerwin van der Laan^*
, Hans van Ees
, Arjen van Witteloostuijn

^*Corresponding author for this work

Global Economics & Management

Research output: Contribution to journal › Article › Academic › peer-review

11 Citations (Scopus)

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Abstract

This paper analyzes the characteristics of Dutch pay arrangements. We show that (1) studying executive compensation outside the Anglo-American countries adds insights to the pay for performance literature, (2) pay for performance relations are different for various types of executives and for various compensation components, (3) attention to the methodological treatment of conditional stock (option) grants is important, and (4) researchers should go beyond stock market performance indicators to detect the performance relatedness of pay. All in all, a myriad of pay-performance relationships has been found for the Dutch case, when the above is accounted for.

Original language	English
Pages (from-to)	123-149
Number of pages	27
Journal	Economist-Netherlands
Volume	158
Issue number	2
DOIs	https://doi.org/10.1007/s10645-010-9140-7
Publication status	Published - Jun-2010

Keywords

executive compensation
pay for performance
The Netherlands
CEO STOCK-OPTIONS
INCENTIVES
CONTRACTS
RISK

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Is pay related to performance in The Netherlands An analysis of Dutch executiveFinal publisher's version, 289 KBLicence: CC BY-NC

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title = "Is pay related to performance in The Netherlands? An analysis of Dutch executive compensation, 2002-2006",

abstract = "This paper analyzes the characteristics of Dutch pay arrangements. We show that (1) studying executive compensation outside the Anglo-American countries adds insights to the pay for performance literature, (2) pay for performance relations are different for various types of executives and for various compensation components, (3) attention to the methodological treatment of conditional stock (option) grants is important, and (4) researchers should go beyond stock market performance indicators to detect the performance relatedness of pay. All in all, a myriad of pay-performance relationships has been found for the Dutch case, when the above is accounted for.",

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AU - van Witteloostuijn, Arjen

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AB - This paper analyzes the characteristics of Dutch pay arrangements. We show that (1) studying executive compensation outside the Anglo-American countries adds insights to the pay for performance literature, (2) pay for performance relations are different for various types of executives and for various compensation components, (3) attention to the methodological treatment of conditional stock (option) grants is important, and (4) researchers should go beyond stock market performance indicators to detect the performance relatedness of pay. All in all, a myriad of pay-performance relationships has been found for the Dutch case, when the above is accounted for.

KW - executive compensation

KW - pay for performance

KW - The Netherlands

KW - CEO STOCK-OPTIONS

KW - INCENTIVES

KW - CONTRACTS

KW - RISK

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JO - Economist-Netherlands

JF - Economist-Netherlands

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ER -

Is pay related to performance in The Netherlands? An analysis of Dutch executive compensation, 2002-2006

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