Ederhof, Merle; Rajan, Madhav V.; Reichelstein, Stefan - In: Foundations and Trends(R) in Accounting 5 (2011) 4, pp. 243-316
It is common practice for firms in a variety of industries to specify bonus pools that are available for distribution … metrics, for example, earnings growth or Return-on-Investment, the essential property of bonus pools is that the firm retains … relative efficiency of discretionary bonus pools. Our analysis is framed around a number of recurring themes. These include the …