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The Value-Extracting CEO : How Executive Stock-Based Pay Undermines Investment in Productive Capabilities
Lazonick, William - 2017
Persistent link: https://www.econbiz.de/10012953260
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CEO Talent, CEO Compensation, and Product Market Competition
Jung, Hae Won (Henny) - 2016
We develop a structural industry equilibrium model to show how competitive CEO-firm matching and product markets jointly determine firm value and CEO pay. We analytically derive testable implications for the effects of product market characteristics on firm size, CEO pay, and CEO impact on firm...
Persistent link: https://www.econbiz.de/10012986527
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Paying for Risk : Bankers, Compensation, and Competition
Whitehead, Charles K. - 2015
Efforts to control bank risk address the wrong problem in the wrong way. They presume that the financial crisis was caused by CEOs who failed to supervise risk-taking employees. The responses focus on executive pay, believing that executives will bring non-executives into line — using...
Persistent link: https://www.econbiz.de/10013035251
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Misaligned Managerial Incentives and Employee Wage Schedules
Zubrickas, Robertas - 2013
We model a multidivisional firm as a three-tier economic organization. The larger the number of divisions, the lower is the owner's capacity to monitor delegated managers. We show how resultant misaligned managerial incentives can translate into differences in employee incentive schemes between...
Persistent link: https://www.econbiz.de/10014046269
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Merit Pay and Pain : Linking Congressional Pay to Performance
McPike, Jonathan David - 2011
Despite the Founding Fathers' careful planning, the reason for the public's lack of confidence in Congress is that elections, like the institutional checks and balances of federalism and separation of powers, are necessary but not sufficient to ensure that Congress acts in the best interests of...
Persistent link: https://www.econbiz.de/10013132927
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Paying with Information
Kaya, Ayca - 2020
A principal who has a project with uncertain returns must retain and incentivize an agent using promise of future payments and information control. The agent's effort produces output and facilitates information gathering. The principal controls the informativeness of the agent's effort by...
Persistent link: https://www.econbiz.de/10012827152
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The heterogeneous effects of bonus pay on performance outcomes : evidence from personnel data ; conference paper
Sauermann, Jan - 2014
This study uses rich information on performance outcomes to estimate the effect of bonus pay on worker productivity. We use a policy discontinuity in the call centre of a multi-national telephone company in which management introduced monetary bonuses upon achieving pre-defined performance...
Persistent link: https://www.econbiz.de/10010489250
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University vice-chancellor pay, performance and (asymmetric) benchmarking
Gschwandtner, Adelina; McManus, Richard - 2018
We study the pay of UK universities chief executives ("vice-chancellors") over a ten year period. Although there is a correlation between pay and performance, with better performing institutions paying higher salaries, we find limited evidence that this relationship is causal; that is, we find...
Persistent link: https://www.econbiz.de/10011856876
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Overeducation, performance pay and wages : evidence from Germany
Baktash, Mehrzad B. - 2023
Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in … the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their … performance pay jobs as an adjustment mechanism and that performance pay moderates their wages. Using German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10014368278
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Overeducation, performance pay and wages : evidence from Germany
Baktash, Mehrzad B. - 2023
Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in … the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their … performance pay jobs as an adjustment mechanism and that performance pay moderates their wages. Using German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10014342988