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Recycling of electronic waste as an international challenge
In: Vojno delo, Band 71, Heft 4, S. 348-358
Legal and economical aspects of intellectual property in Cyber space
In: Ekonomika: međunarodni časopis za ekonomsku teoriju i praksu i društvena pitanja, Band 65, Heft 2, S. 51-64
ISSN: 2334-9190
The use of drones in agriculture: ICT policy, legal and economical aspects
In: Ekonomika: međunarodni časopis za ekonomsku teoriju i praksu i društvena pitanja, Band 64, Heft 4, S. 93-107
ISSN: 2334-9190
The Impact of the Covid-19 Pandemic on the Compensation of Top Managers of the CSR Organizations in the Field of Tourism and Hospitality in EU
In: Ekonomske teme: Economic themes, Band 61, Heft 3, S. 325-341
ISSN: 2217-3668
Abstract
This paper investigates the impact of the Covid-19 pandemic on the compensation of top managers and business performances of large socially responsible companies CSRin EU in tourism and hospitality industry. By applying the methods of correlation and regression analysis on a sample of 241 large organizations in the field of tourism and hospitality, we examined whether the Covid-19 pandemic caused a decrease in the total compensation of top managers and some of their parts (basic salary and variable part of compensation) and a change in their structure in a socially responsible company in the field of tourism and hospitality in the EU and how these changes in return affected the performance of the mentioned organizations measured by return on investment ROE. The results showed that there was a significant decrease in the total compensation of top managers in the observed companies during 2020 and 2021compared to 2019, as well as that there was an increase in the share of the basic salary (to the detriment of the variable part) in the total earning of top managers in the same period. The results also showed that changes in the compensation of top managers due to the pandemic had a significant impact on the performance of large socially responsible companies in the tourism and hospitality industry in EU that they lead.