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We study relative performance evaluation in executive compensation when executives have private information about their … to sort executives of di ?erent abilities. This implies that executive compensation is increasing in own performance, but … may also be increasing in industry performance-a sharp departure from standard relative performance evaluation. This …
Persistent link: https://www.econbiz.de/10005772084
We investigate whether the gender composition of teams affect their economic performance. We study a large business … significantly outperformed by any other gender combination, both at the undergraduate and MBA levels. Looking across the performance … performance are explained by differences in decision-making. We observe that three women teams are less aggressive in their …
Persistent link: https://www.econbiz.de/10008597127
. In particular, portfolio performance, measured by the Sharpe ratio relative to the tangency portfolio, varies … significantly with liquidity. Moreover, although mean-variance performance becomes clearly worse, the levels of liquidity on optimal …
Persistent link: https://www.econbiz.de/10005707977
Do the contests with the largest prizes attract the most able contestants? To what extent do contestants avoid competition? In this paper, we show, theoretically and empirically, that the distribution of abilities plays a crucial role in determining contest choice. Sorting exists only when the...
Persistent link: https://www.econbiz.de/10009493738
This paper documents and studies the gender gap in performance among associate lawyers in the United States. Unlike … gender gap in annual performance with respect to both measures. Male lawyers bill ten-percent more hours and bring in more … and the differences in aspirations to become a law-firm partner account for a large part of the difference in performance …
Persistent link: https://www.econbiz.de/10009493742
ways. First, it increases the sensitivity of pay to performance. Second, it increases whithin-firm pay differentials …
Persistent link: https://www.econbiz.de/10005772299
This paper studies the effect of providing relative performance feedback information on individual performance and on … individual affective response, when agents are rewarded according to their absolute performance. In a laboratory set-up, agents … dominance. Control subjects learn only their absolute performance, while the treated subjects additionally learn the average …
Persistent link: https://www.econbiz.de/10008466064
We study the effect of providing relative performance feedback information on performance, when individuals are … rewarded according to their absolute performance. A natural experiment that took place in a high school offers an unusual …
Persistent link: https://www.econbiz.de/10005078609
The provision of non-audit services by auditors to their audit clients reduces total costs, increases technical competence and motivates more intense competition. Furthermore, these services do not necessarily damage auditor independence nor the quality of non-audit services. This assessment...
Persistent link: https://www.econbiz.de/10005827450
Given the current economic environment, high-growth companies are particularly relevant for their contribution to employment generation and wealth. This paper discusses the results of a survey that was conducted in order to gain a deeper understanding of high-growth cooperatives through...
Persistent link: https://www.econbiz.de/10009321523