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Experimental Evidence on Inequity Aversion and Self-Selection between Incentive Contracts

Teyssier, Sabrina - 2008

This paper reports on the results of an experiment testing whether the agents selfselect between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents. We...

Persistent link: https://www.econbiz.de/10014216314

Feedback and Incentives : Experimental Evidence

Eriksson, Tor; Poulsen, Anders; Villeval, Marie Claire - 2011

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 …

Persistent link: https://www.econbiz.de/10014218453

Respect as an Incentive

Eriksson, Tor - 2010

Assuming that people care not only about what others do but also on what others think, we study respect as a non-monetary source of motivation in a context where the length of the employment relationship is endogenous. In our three-stage gift-exchange experiment, the employer can express respect...

Persistent link: https://www.econbiz.de/10013137464

Remuneration committee, board independence and top executive compensation

Kuo, Chii-Shyan; Yu, Shihti - In: Journal of risk and financial management : JRFM 7 (2014) 2, pp. 28-44

firm performance. Third, we find that the establishing of RCs may decrease CEO pay and enhance the pay-performance …

Persistent link: https://www.econbiz.de/10011553128

Reining in Excessive Risk Taking by Executives : Experimental Evidence

Lefebvre, Mathieu - 2010

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

Persistent link: https://www.econbiz.de/10013146587

Review of the literature on merger waves

Cho, Sangjun; Chung, Chune Young - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-21

Over the past few decades, the rapid growth of mergers and acquisitions (M&As) has received interest from academics and practitioners. While M&As continue to be the subject of thorough investigation from a corporate governance standpoint, comparatively less effort has been made to organize and...

Persistent link: https://www.econbiz.de/10013471479

Firm size does matter : new evidence on the determinants of cash holdings

Magerakis, Efstathios; Gillas, Konstantinos Gkillas; … - In: Journal of risk and financial management : JRFM 13 (2020) 8/163, pp. 1-33

We study the financial determinants of cash holdings and discuss the importance of firm size in the post-crisis period. We employ panel data regression analysis on a sample of 6629 non-financial and non-utility listed companies in the United Kingdom from 2010 to 2018. We focus on the comparative...

Persistent link: https://www.econbiz.de/10012322361