Showing 1 - 10 of 167
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 …
Persistent link: https://www.econbiz.de/10010745536
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 …
Persistent link: https://www.econbiz.de/10011126044
informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …
Persistent link: https://www.econbiz.de/10011340265
of instrumental information exist, studying information structures on performance pay. Second, information avoiders …
Persistent link: https://www.econbiz.de/10011751477
We analyze the impact of interim ranking on the risk taking and performance behaviour of professional athletes …
Persistent link: https://www.econbiz.de/10011071349
Using data across European corporate boards, we investigate the effects of quota-induced female representation on firm value and operations, under minimal identification assumptions. We consider sharp increases in the share of women on boards that arise due to rounding whenever percentage-based...
Persistent link: https://www.econbiz.de/10012438240
to performance. For the first time we employ a Hodrick-Prescott Filter, a methodology widely used in macroeconomics to …
Persistent link: https://www.econbiz.de/10010884735
We conduct a field experiment where we vary both the presence of a gift-exchange wage and the effect of the worker's effort on the manager's payoff. Results indicate a strong complementarity between the initial wage-gift and the agent's ability to "repay the gift". We control for differences in...
Persistent link: https://www.econbiz.de/10012064798
We study theoretically and experimentally the role of fatigue and recovery within a competitive work environment. At work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they have to take into account fatigue, which accumulates over...
Persistent link: https://www.econbiz.de/10011976073
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/10011899201