Suchergebnisse

The article compares the trends in compensation systems in financial institutionsunder two different models of corporation (Anglo-Saxon model in the USAand continental model in Germany). In the article wage levels, much higher in theAnglo-Saxon model, were not analyzed, only tendencies of executive salaries forthe years 2004–2012. General conclusion for both systems is that in the post-crisisperiod the managers' compensation declined compared to the pre-crisis period.Management remuneration system differ significantly in both mondels. In theAnglo-Saxon model, a significant share of total remuneration is variable remuneration,and the continental model is based on fixed remuneration. The results obtained suggest that the in both corporate models that the bigger the bank, thehigher the level of remuneration.

The aim of this paper is to analyze the comparative effectiveness of commercial banks operating in the countries of Central and Eastern Europe and the Baltic countries. Selection of a representative group of banks was dictated by the desire to assess the degree of effectiveness in the two groups of countries that started democratic and economic transformation almost simultaneously, but opted for various models of development of the banking sector. The efficiency of banks in the studied groups of countries in 2005–2011 differed significantly, and has demonstrated an analysis using the stochastic frontier model costs.