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The effect of noise in a performance measure on work motivation
Sloof, Randolph; Praag, Mirjam van - 2008
performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … expectancy theory; noisier performance measures do not lower work motivation. …
Persistent link: https://www.econbiz.de/10011376648
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Performance measurement, expectancy and agency theory : an experimental study
Sloof, Randolph; Praag, Mirjam van - 2006
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency … noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels … for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant …
Persistent link: https://www.econbiz.de/10011343251
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Performance Measurement, Expectancy and Agency Theory : An Experimental Study
Sloof, Randolph; van Praag, Mirjam - 2021
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency … noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels … for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant …
Persistent link: https://www.econbiz.de/10013318660
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The Effect of Noise in a Performance Measure on Work Motivation : A Real Effort Laboratory Experiment
Sloof, Randolph - 2014
performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … expectancy theory; noisier performance measures do not lower work motivation …
Persistent link: https://www.econbiz.de/10012708784
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Asset management contracts and equilibrium prices
Buffa, Andrea; Vayanos, Dimitri; Woolley, Paul - 2014
Persistent link: https://www.econbiz.de/10010410775
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Asset Management Contracts and Equilibrium Prices
Buffa, Andrea M - 2019
We derive equilibrium asset prices when fund managers deviate from benchmark indices to exploit noise-trader induced distortions but fund investors constrain these deviations. Because constraints force managers to buy assets that they underweight when these assets appreciate, overvalued assets...
Persistent link: https://www.econbiz.de/10012904735
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Asset Management Contracts and Equilibrium Prices
Buffa, Andrea M - 2014
We derive equilibrium asset prices when fund managers deviate from benchmark indices to exploit noise-trader induced distortions but fund investors constrain these deviations. Because constraints force managers to buy assets that they underweight when these assets appreciate, overvalued assets...
Persistent link: https://www.econbiz.de/10013047402
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Asset Management Contracts and Equilibrium Prices
Buffa, Andrea M. - 2014
, investors make managers' fees more sensitive to performance and benchmark performance against a market index. This makes … overvalued assets. Socially optimal contracts provide steeper performance incentives and cause larger pricing distortions than …
Persistent link: https://www.econbiz.de/10012458188
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Asset management contracts and equilibrium prices
Buffa, Andrea M.; Vayanos, Dimitri; Woolley, Paul - In: Journal of political economy 130 (2022) 12, pp. 3146-3201
Persistent link: https://www.econbiz.de/10013548065
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Gift exchange and the separation of ownership and control
Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - 2006 - This version: April, 2006
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are characterized by the separation of ownership and control....
Persistent link: https://www.econbiz.de/10011349214