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of private investors, professional investors, and students, we test the effect of task-related monetary incentives on …
Persistent link: https://www.econbiz.de/10012262354
of private investors, professional investors, and students, we test the effect of task-related monetary incentives on …
Persistent link: https://www.econbiz.de/10013545997
This study is directly motivated by the results of Eckartz et al (2012). Subjects exerted suprisingly high efforts irrespectively of how they were compensated. This paper discusses a number of potential explanations and then it will focus on two of them: first, subjects might exert effort simply...
Persistent link: https://www.econbiz.de/10010253142
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This paper investigates whether monitoring by bank lenders affects CEO incentives of borrowing firms. We find that an … increase in bank monitoring incentives significantly reduce the sensitivity of CEO wealth to stock return volatility (Vega … CEO incentives to mitigate the risk-shifting incentives of firm managers …
Persistent link: https://www.econbiz.de/10012972638
of evidence that independent director reputation incentives influence the supply of director services. These reputation … incentives vary across firms and over time, significantly influencing important board decisions and firm outcomes. When more …
Persistent link: https://www.econbiz.de/10012974592
the owner's capacity to monitor delegated managers. We show how resultant misaligned managerial incentives can translate …
Persistent link: https://www.econbiz.de/10014046269
Supervisory monitoring and monetary incentives are often used concurrently to mitigate agency conflicts. When an agent … optimal level, a conflicting interaction effect arises because monitoring reduces the marginal impact of monetary incentives …
Persistent link: https://www.econbiz.de/10013310379