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Baum, Alex; Hale, Robert; Morfit, Mason; Larcker, David F. - 2017

with these numbers is that they are static and do not reflect how pay changes with performance. Activist fund ValueAct … relation between pay and performance?• Are large “minimum” payments indicative of managerial abuse?• What insights does this …

Persistent link: https://www.econbiz.de/10011870307

Peer group choice and chief executive officer compensation

Larcker, David F.; McClure, Charles; Zhu, Christina - 2019 - Draft: August 22, 2019

compensation has a negative association with future firm operating performance. However, significant variation in CEO talent and … future performance is mitigated when the firm has a high level of CEO talent, and exacerbated when the firm has low … talent motivations explain more of the variation in the future performance implications of peer-group choice than corporate …

Persistent link: https://www.econbiz.de/10012065171

Learning, termination, and payout policy in dynamic incentive contracts

DeMarzo, Peter M.; Sannikov, Yuliy - 2016

firm that pays dividends. For young firms, poor performance permanently raises the termination threshold, as doing so …

Persistent link: https://www.econbiz.de/10011864825

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

The management of talent for innovation : optimal contracting for selection and incentives

Foarta, Dana; Sugaya, Takuo - 2018

Optimally reallocating human capital to tasks is key for an organization to successfully navigate a transition. We study how to design employment contracts to allocate employees to different valuable projects within an organization given two simultaneous challenges: The employees have private...

Persistent link: https://www.econbiz.de/10011980048

Governance aches and pains : is bad governance chronic?

Larcker, David F.; Tayan, Brian - 2016

Institutional investors pay considerable attention to the quality of a company's governance. Unfortunately, it is difficult for outside observers to reliably gauge governance quality. Oftentimes, poor governance manifests itself only after decisions have been made and their outcomes known. We...

Persistent link: https://www.econbiz.de/10011864693

The wells Fargo cross-selling scandal

Tayan, Brian - 2016

In this updated Closer Look, we examine the tensions between corporate culture, financial incentives, and employee conduct as illustrated by the Wells Fargo cross-selling scandal. In 2016, Wells Fargo admitted that employees had opened as many as 2 million accounts without customer authorization...

Persistent link: https://www.econbiz.de/10011865024