compensation contracts (i.e., with greater incentives) are more likely to be fired following poor firm performance. Logit … estimations indicate that among firms that make a net loss in a given year, a CEO receiving incentives at the 60th percentile … level is 26.55% more likely to be fired than a CEO with incentives at the 40th percentile. The corresponding figure for …

incentives effects and recent experiences in Eastern and Central Europe. …

}punishments and rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting …, the impact of ex post incentives on informal contracts between principals and agents in bargaining environments in which …

motivations in support of federalism, namely, incentives and knowledge. Second, it succinctly discusses the incentive …