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The Productivity Effects of Stock Option Schemes: Evidence from Finnish Panel Data

Jones, Derek C.; Kalmi, Panu; Mäkinen, Mikko - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2006

While theorists differ sharply on the expected economic impact of stock options, typically empirical work has found a positive association between option schemes and firm productivity. However, existing data are limited and may not enable reliable investigation of the productivity effects of...

Persistent link: https://www.econbiz.de/10005749303

Training and Hiring Strategies to Improve Firm Performance

Maliranta, Mika; Asplund, Rita - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2007

We study how upgrading the skills of the personnel affects a firms performance. Two different strategies are examined : 1) providing formal training and 2) strategic recruitment and separation policy. The use of register-based longitudinal employer-employee data supplemented with a survey on...

Persistent link: https://www.econbiz.de/10005566051

Performance Pay and Enterprise Productivity: The Details Matter

Kato, Takao; Kauhanen, Antti - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2013

) group incentive PRP is more potent in boosting enterprise productivity than individual incentive PRP; (ii) group incentive … additional productivity gain; and (iv) PRP with greater Power of Incentive (the share of PRP in total compensation) results in … greater productivity gains yet returns to Power of Incentive diminishes very slowly. …

Persistent link: https://www.econbiz.de/10010987368

Performance Measurement and Incentive Plans

Kauhanen, Antti; Napari, Sami - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2010

This paper explores performance measurement in incentive plans. Based on theory, we argue that differences in the … nature of jobs between blue- and white-collar employees lead to differences in incentive systems. We find that performance …

Persistent link: https://www.econbiz.de/10008595841

CEO Compensation, Firm Size and Firm Performance: Evidence from Finnish Panel Data

Mäkinen, Mikko - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2007

This paper examines how CEO pay is related to firm size and to firm performance in Finland by using new individual-level compensation data in 1996-2002. We find robust evidence that CEO average compensation has increased substantially between 1996 and 2002. For example, the ratio between CEO and...

Persistent link: https://www.econbiz.de/10005749350

The Determinants of Stock Option Compensation: Evidence from Finland

Jones, Derek C.; Kalmi, Panu; Mäkinen, Mikko - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2004

Persistent link: https://www.econbiz.de/10005700262

The Perils of Altering Incentive Plans: A case study

Kauhanen, Antti - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2011

This paper studies a retail chain that introduced a sales incentive plan that rewarded for exceeding a sales target and … subsequently cut the incentive intensity in addition to increasing the target. Utilizing monthly panel data for 54 months for all … 53 units of the chain the paper shows that the introduction of the sales incentive plan increased sales and profitability …

Persistent link: https://www.econbiz.de/10008917869

Kangasniemi, Mari; Kauhanen, Antti - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2011

We study the impact of performance-related pay (PRP) on gender wage differences using Finnish linked employer-employee panel data. Controlling for unobserved person and firm effects, we find that bonuses increase womens earnings slightly less than mens, but the economic significance of the...

Persistent link: https://www.econbiz.de/10009021611

Career and Wage Dynamics: Evidence from Linked Employer-Employee Data

Kauhanen, Antti; Napari, Sami - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2011

We study career and wage dynamics within and between firms using a large linked employer-employee panel dataset spanning 26 years. We construct six-level hierarchies for more than 5,000 firms. We replicate most of the analyses from Baker, Gibbs and Holmström (Quarterly Journal of Economics,...

Persistent link: https://www.econbiz.de/10008876756

The Nature of the Finnish Competitiveness Problem

Maliranta, Mika; Vihriälä, Vesa - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2013

We assess Finland’s competitiveness in the light of various, mainly short-term indicators. It turns out that the weak export market performance over the last few years is linked to the deterioration of profitability of production in Finland. A better export and employment performance requires...

Persistent link: https://www.econbiz.de/10010987113