@masterthesis{Mueller, type = {Bachelor Thesis}, author = {M{\"u}ller, Felix}, title = {Alternative Performance Measures in Board Compensation - Theoretical Analysis and Empirical Investigation of German DAX Companies}, url = {http://nbn-resolving.de/urn:nbn:de:hbz:1383-opus4-7178}, school = {Hochschule Rhein-Waal}, pages = {69}, abstract = {This work investigates in how far Alternative Performance Measures (APM) are suitable to serve as the benchmark for achievement of financial targets by board members of stock-listed companies. Therefore, the concept of board compensation is outlined, the phenomenon of APM is defined, and the main points of scholarly interest in both subject areas are addressed. Through reviewing existing literature that investigates the use of APM within board compensation systems, the rationale for their use and the associated (dis-)advantages are determined. It is shown that the use of APM in board compensation can lead to greater alignment between board members and shareholders' interests, in-crease sensitivity of pay to performance, and improve the information content of APM published elsewhere. However, using APM can also lead to excessive pay, which may be a result of managerial opportunism. Strong corporate governance mechanisms ap-pear to be relevant for ensuring an appropriate use of APM in compensation systems. The use of APM within board compensation schemes of large German stock-listed com-panies in the fiscal year 2019 is investigated empirically. The relevance of such measures is found to be high, and they determine a large portion of total variable pay. The specific APM used within compensation schemes and those disclosed in annual reports are partially divergent, especially when it comes to growth-related, capital effi-ciency-related, and capital structure-related measures. Nonetheless, APM used in com-pensation systems are identified as a subgroup of APM disclosed in the annual report.}, language = {en} } @masterthesis{MitchelldeMoraisPereira, type = {Bachelor Thesis}, author = {Mitchell de Morais Pereira, Amanda}, title = {NATION BRANDING THROUGH CULTURE EXPORT SYSTEM MODEL. The implicit relationship of the South Korean Government Nation Branding and the Creative Industry: 1990-2021}, school = {Hochschule Rhein-Waal}, abstract = {This thesis contributed to the fields of Policy Science and Nation Branding by creating a systematic analysis of actors' behavior, and analyzing in-depth the dynamics of South Korea's government-related actors who are involved with culture-related strategies. South Korea was used as the base for the modeling, considering its observed success in integrated strategies to promote the countries' image through culture. The Nation Branding model proposed, has culture as its main driver, focusing on content creation and culture-related collaborations as the main tactic to disseminate culture and information, seeking to leave positive impressions on the foreign public, increasing the country-affinity factor in decision-making. The model's main characteristic is task-focused structuring and flexible boundaries. Defined boundaries and action limitations would preclude collabotrations and similar efforts by different actors. Overlapping efforts in this model are not a waste of energy, as all actors use the same tool: culture; the more positive value each actor can produce regarding culture will be added as a resource to the other actors. The model proposed in this paper is based on only one known strategy, yet, it provides enough information for a starting point; further research of other systems and comparative studies are necessary to develop and test the model.}, language = {en} }