CORRELATION-FACTOR ANALYSIS
COUNTERVAILING PACKAGES TOP MANAGERS CORPORATIONS
The article explores a use of correlative analysis methods regarding compensation packages for top managers of corporations in the context of motivation mechanisms modeling. Evolution of theoretic background for forming models to motivate top managers of global corporations is determined by modern trends on the labor market of company top management personnel, inelastic supply of high-qualified top managers and global competition. The proposed methodology is illustrated in calculation example of top manager's compensation correlative dependence on regressive factors of company's functioning and personal characteristics of its head, with use of wide statistics data array from corporate reporting and forming of adequate representative selection. There were found characteristics, which substantially influence the level of corporate top managers' compensation that should be taken into account while optimizing the system of corporate governance in global corporations.
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Keywords: corporate governance, correlative analysis, motivation mechanism, compensation package, regression model, corporate specificity. |
CORPORATE FINANCE
Burmaka Mykola
PhD, Associate professor, SHEI «Kyiv National Economic University named after Vadym Hetman»
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