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Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more debt financing for in-house transactions yet have the lowest exposure to debt. Using financing...
Persistent link: https://www.econbiz.de/10012459361
may not be perfectly aligned with those of owners. The incentive justification for variable pay has well-known theoretical …
Persistent link: https://www.econbiz.de/10012471362
Labor relations involve incentive problems. The market solves these problems by developing a variety of institutions …. This paper describes and assesses the various forms of incentive contracts …
Persistent link: https://www.econbiz.de/10012477157
With the growth of the literature on incentive compensation has come the belief by some that incentive pay may be less …
Persistent link: https://www.econbiz.de/10012477796
We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to internalize externalities. A key feature of the measure is that it allows for the possibility that not all investors are attentive to whether a manager's actions benefit the...
Persistent link: https://www.econbiz.de/10012479596
A literature has found that medical providers inflate bills and report more conditions given financial incentives. We evaluate whether Medicare reimbursement incentives are driven more by bill inflation or coding costs. Medicare reformed its payment mechanism for inpatient hospitalizations in...
Persistent link: https://www.econbiz.de/10012480398
-increasing tools rationally. We characterize how the demand for attention improvements must vary with the pecuniary incentive to be …
Persistent link: https://www.econbiz.de/10012481638
empirical work about incentive systems. Some of the unanswered questions in this area -- for example, the empirical relevance of … the risk/incentive tradeoff and the question of whether CEO pay arrangements reflect competitive markets and efficient …
Persistent link: https://www.econbiz.de/10012462675
High rates of attrition, delayed completion, and poor achievement are growing concerns at colleges and universities in North America. This paper reports on a randomized field experiment involving two strategies designed to improve these outcomes among first-year undergraduates at a large...
Persistent link: https://www.econbiz.de/10012465869
. Yet the detailed study of incentive systems has traditionally been left in the hands of (organizational) economists, with … on -- in essence, the social context in which economics and incentive systems are embedded. We argue that this separation … difficult to change incentive structures in the face of environmental change, while the organizational literature focuses …
Persistent link: https://www.econbiz.de/10012466822