The use of executive share-based compensation in Poland: investigating institutional and agency-based determinants in an emerging market

In this paper we investigate the under-researched topic of the use of executive share-based compensation in Poland, and we analyse empirically whether theoretical explanations developed and applied mainly in the context of developed countries also hold in this specific context. Building on agency and institutional theories we study the determinants of using executive share-based pay in 362 companies listed on the Warsaw Stock Exchange. As a result, we highlight the role of the state in Polish firms and the need to consider specifically principal–principal conflicts typical of emerging economies in post-state-socialist organisational research. Our findings not only reflect particularities of the institutional environment in the country studied but also highlight the limits of the traditional principal–agent lens applied in emerging economies.     

Compensation practices in Central and Eastern European EU member states—an analytical framework based on institutional perspectives,path dependencies,and efficiency considerations

Research on compensation in Central and Eastern European (CEE) countries is scarce, and a comprehensive analysis of factors influencing the adoption and transformation of compensation practices in CEE countries is lacking. This article provides a holistic analytical framework based on a literature review, secondary data on selected compensation practices in CEE countries, and theoretical insights from various perspectives. These include path dependency from the pre‐transformation era; current coercive, mimetic, and normative isomorphic pressures; and efficiency‐based influences on compensation practices. Furthermore, implications are outlined both for future research on compensation management and for human resource management practice in CEE countries. © 2010 Wiley Periodicals, Inc.