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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
performance measure and its similarity (congruity, congruence) to the benefit of the manager's employer. A necessary condition for …
Persistent link: https://www.econbiz.de/10010268002
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10010278365
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10008727777
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students … that conformance to performance norm is the most likely behavioral mechanism behind our findings. …
Persistent link: https://www.econbiz.de/10010333269
The underrepresentation of women at the top of hierarchies is often explained by gender differences in preferences. We find support for this claim by analyzing a large dataset from an online card game community, a stylized yet natural setting characterized by self-selection into an uncertain,...
Persistent link: https://www.econbiz.de/10011451185
We study the effect of recognition on performance with a field experiment involving first-year undergraduate students … that conformance to performance norm is the most likely behavioral mechanism behind our findings. …
Persistent link: https://www.econbiz.de/10010884116
We analyze the impact of interim ranking on the risk taking and performance behaviour of professional athletes …
Persistent link: https://www.econbiz.de/10011071349
games and underdogs to be less performing. They also show that the performance differential between players increases with …
Persistent link: https://www.econbiz.de/10010267652