Ph.D. Theses
Ph.D. Theses
The theses listed below are sorted by Ph.D. and, within each Ph.D., by year of defense.
Title: Sistema de remuneração variável nas PME's em Portugal: Seu impacto na performance da organização
| Programme: | Finance |
| Student: | Carlos Coelho Duarte |
| Supervisor(s): | José Paulo Esperança |
| Abstract: | This study analyses remuneration polices in Portugal, explaining the determinants of the existence of bonus payments to the employees of Portuguese firms, through a large sample of data, which we prove to be representative of Portuguese reality, for the 2002 and 2003 economic years, covering 28.608 employees. The study will make a distinction between the decisions whether or not to pay variable remuneration and its size. This study is based on agency theory as well as internal-labour-markets theories. Our findings confirm that pay decisions are determined by different factors. The hypotheses under study are tested using a series of models with discrete independent variable or, even continuous, limited in its domain, in order to identify the group of characteristics of the firms and of the collaborators, which explain the amount and the probability of receiving variable remuneration and the different determinants for the various types of compensation as well as their possible interactions. The results show that the potential for promotion and career is an alternative used for variable remuneration and, variable remuneration is more common in higher functional levels, in commercial area, in small firms, in affiliates of foreign firms (but with lower values) and within collaborators with high level of education. In what concerns profitability, the results show a positive relation to the probability of variable remuneration, but only based in accounting indicator. However, the amounts of variable remuneration are higher in firms posting negative results. |
| Placement: | Instituto Politécnico de Leiria, Adjunct Professor |
| Defense Year: | 2006 |