Showing 1 - 10 of 232
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
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/10012439333
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
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for crowding out of intrinsic motivation. By comparison, wage...
Persistent link: https://www.econbiz.de/10011461715
interaction effects. While meaning outperforms monetary incentives, the latter have a robust positive effect on performance that …
Persistent link: https://www.econbiz.de/10010427004
Economic theory suggests that performance pay may serve as an effective screening device to attract productive agents …. The existing evidence on the self-selection of agents is largely limited to job tasks where performance is driven by …
Persistent link: https://www.econbiz.de/10010500559
center of a Fortune 500 financial services provider allow us to estimate the impact of awards on performance. Winning an … award for voluntary work behaviors significantly increases subsequent core call center performance. The effect is short …
Persistent link: https://www.econbiz.de/10010308260
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...
Persistent link: https://www.econbiz.de/10010884490