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

of instrumental information exist, studying information structures on performance pay. Second, information avoiders …

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through …-takes-all tournament. We find that, regardless of the pay scheme used, feedback does not improve performance. There are no significant peer …

influence of institutional shareholders. Our findings also suggest that the adoption of ESG variables in managerial performance … measures is accompanied by improvements in ESG performance and meaningful changes in the compensation of executives. …

employee's performance was poor. The justification assures the employee that the manager has not distorted the evaluation … downwards. For good performance, however, the manager pays a constant high wage without justification. The empirical literature … demonstrates that subjective evaluations are lenient and discriminate poorly between good performance levels. This pattern was …

managerial decision rights and performance-based promotions leads to a situation often referred to as the Peter principle … performance-based promotions and restricting managerial decision rights. …

performance, and thus as a solution to the principal-agent dilemma created by the separation of ownership and management in …