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 …

throughout the economy and include contracts linking CEO pay directly to firm performance, annual bonus schemes, the posting of … performance bonds, and holding company stock. These incentive mechanisms appear to complement rather than substitute for one … another. The elasticity of pay with respect to company performance is one or more in two-fifths of the cases where CEO's have …

literature on the prevalence and correlates of performance bonds posted by corporate executives. We show that they are an … important feature in today's CEO labour market in China: around one-tenth of corporations deploy performance bonds and they are …

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 …

informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …

We analyze the impact of interim ranking on the risk taking and performance behaviour of professional athletes …

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 …

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 …

to performance. For the first time we employ a Hodrick-Prescott Filter, a methodology widely used in macroeconomics to …

us to estimate the impact of receiving an award on effort. The performance of winners proves to be significantly higher …