-owned enterprise (SOE) performance evaluation policy. To improve capital allocative efficiency, in 2010, regulators switched from using … return on equity (ROE) to economic value added (EVA) when evaluating SOE performance. This EVA policy adopts a one …-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions …

related to eleven measures of economic, democratic, and rights performance. Three conclusions follow. First, decentralized … and civil rights, and then because of such rights protections, to enhance private sector economic performance. Second …, while policy decentralization is the key to federalism's strong rights and economic performance and can be achieved within a …

We examine the performance of the offshore hedge fund industry over the period 1989 through 1995 using a database that … little evidence of differential manager skill. We develop endogenous style categories for relative fund performance measures …

Firms and other organizations establish the criteria under which employees will be judged and the performance measures … influence behavior and organization outcomes. Any divergence of the chosen performance metric from an ideal measurement of … principal labor market outcomes investigates the relationship between principal labor market success and a set of performance …

very early, may undermine policymakers' ongoing efforts to accurately quantify institutional performance …

We show that the standard equation-by-equation OLS used in performance evaluation ignores information in the alpha … forecast for the fund's alpha, offering a new way to think about performance evaluation. In simulations, we show that our …

and a difference-in-differences design we document that managerial incentives are less performance-sensitive in firms with …