Showing 1 - 10 of 192
performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors … principal to prefer a policy of adjusting ex post the performance measure for the information provided by the agent to a policy …
Persistent link: https://www.econbiz.de/10010229868
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …
Persistent link: https://www.econbiz.de/10009752997
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …
Persistent link: https://www.econbiz.de/10011346303
performing relative to their benchmarks. In this paper we investigate experimentally how teams respond to relative performance … feedback (RPF) at team level. We find that when subjects work under team incentives, then RPF on team performance increases the … teams' average performance by almost 10 percent. The treatment effect is driven by higher top performance, as this is almost …
Persistent link: https://www.econbiz.de/10011793858
This paper reports results of two controlled experiments on the behavioural effects of relative performance information …-select. In fact, we demonstrate that RPI especially induces employees with a relatively low performance to voluntarily choose the …
Persistent link: https://www.econbiz.de/10013368608
Incentives theory suggests that compensation schemes should be analyzed along two dimensions: controllability and congruence. Most schemes cannot satisfy both criteria at once. EVA bonus schemes, a major managerial innovation of the 90's, favor the congruence criterion. This paper questions ist...
Persistent link: https://www.econbiz.de/10011450490
A worker's utility may increase in his own income, but envy can make his utility decline with his employer's income. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of his employer. This paper uses a principalagent model to...
Persistent link: https://www.econbiz.de/10011450877
We study the performance effects of payment schemes for freelancers offering services on an online platform in an RCT … formal model on labor supply and performance for individuals with different degrees of risk aversion and intrinsic motivation … performance for less intrinsically motivated workers. For more intrinsically motivated workers, however, we observe the opposite …
Persistent link: https://www.econbiz.de/10012137977
effect of performance pay and two common leadership techniques: Positive expectations and specific goals. We find that … output than those who do not. Goal-setting has no significant effect, neither on quantity nor quality. Performance pay, in …
Persistent link: https://www.econbiz.de/10011977160
influence performance in these tasks. In a field experiment with more than 3000 participants, we document a positive effect of … bonus incentives on the probability of completion of such a task. Bonus incentives increase performance due to the reward … rather than the reference point (performance threshold) they provide. The framing of bonuses (as gains or losses) plays a …
Persistent link: https://www.econbiz.de/10011795030