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bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10009681440
experiment conducted in a bank. In the treatment group managers obtained access to objective performance measures which raised …
Persistent link: https://www.econbiz.de/10011871952
of our laboratory experiment is a two-stage tournament in which equilibrium efforts are the same in both stages. We … compare this treatment to a strategically equivalent one-stage tournament and to another two-stage tournament with a more … predictions and compared to the equivalent one-stage tournament. The results for the more convex two-stage tournament show that …
Persistent link: https://www.econbiz.de/10003777950
with three distinct theories: (i) human capital; (ii) rat race; and (iii) tournament. Third, guided by each theory, we go … are more beneficial for career advancement. Specifically we find: (i) for managers, working long hours will help them …
Persistent link: https://www.econbiz.de/10011881551
The performance of a work team commonly depends on the effort exerted by the team members as well as on the division of tasks among them. However, when leaders assign tasks to team members, performance is usually not the only consideration. Favouritism, employees' seniority, employees'...
Persistent link: https://www.econbiz.de/10011776037
result is consistent with the theory of a home choke rather than a home field advantage. Our results have potentially large …
Persistent link: https://www.econbiz.de/10011902754
We test the effectiveness of team incentives by running a natural field experiment in a retail chain of 193 shops and 1,300 employees. As a response to intensified product market competition, the firm offered a bonus to shop teams for surpassing sales targets. A bonus to teams rather than...
Persistent link: https://www.econbiz.de/10011317625
In this paper we describe the hypothesis of effort-based career opportunities as a situation in which profit maximizing firms create incentives for employees to work longer hours than the bargained ones, by making career prospects dependent on working hours. When effort-based career...
Persistent link: https://www.econbiz.de/10002591621
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10003941532