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Supervisors and Performance Management Systems
Frederiksen, Anders - 2017
Supervisors occupy central roles in production and performance monitoring. We study how heterogeneity in performance evaluations across supervisors affects employee and supervisor careers and firm outcomes using data on the performance system of a Scandinavian service sector firm. We show that...
Persistent link: https://www.econbiz.de/10012455330
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How Managers Can Use Purchaser Performance Information to Improve Procurement Efficiency
Celhay, Pablo A.; Gertler, Paul J.; Olivares, Marcelo; … - National Bureau of Economic Research - 2024
We examine the effect of performance monitoring in public procurement through the lens of organizational culture in a principal-agent model where the manager (principal) and buyers (agents) may have different beliefs about how much the government values efficiency. We show that the effect of...
Persistent link: https://www.econbiz.de/10014486173
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Mutual Fund Performance Evaluation : A Comparison of Benchmarks and Benchmark Comparisons
Lehmann, Bruce N. - 1985
Our primary goal in this paper is to ascertain whether the absolute and relative rankings of managed funds are sensitive to the benchmark chosen to measure normal performance. We employ the standard CAPM benchmarks and a variety of APT benchmarks to investigate this question. We found that there...
Persistent link: https://www.econbiz.de/10012477358
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Measuring Productivity : Lessons from Tailored Surveys and Productivity Benchmarking
Atkin, David - 2019
We use tailored surveys and benchmarking in the flat-weave rug industry to better understand the shortcomings of …
Persistent link: https://www.econbiz.de/10012479427
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Putting Global Governance in its Place
Rodrik, Dani - 2019
In a world economy that is highly integrated, most policies produce effects across the border. This is often believed to be an argument for greater global governance, but the logic requires scrutiny. There remains strong revealed demand for policy and institutional diversity among nations,...
Persistent link: https://www.econbiz.de/10012480157
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Benchmarking Global Optimizers
Arnoud, Antoine - 2019
give a detailed comparison of algorithms, we use a set of benchmarking tools recently developed in the applied mathematics …
Persistent link: https://www.econbiz.de/10012480284
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Benchmark Interest Rates When the Government is Risky
Augustin, Patrick - 2019
Since the Global Financial Crisis, rates on interest rate swaps have fallen below maturity matched U.S. Treasury rates across different maturities. Swap rates represent future uncollateralized borrowing between banks. Treasuries should be expensive and produce yields that are lower than those of...
Persistent link: https://www.econbiz.de/10012480372
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Benchmark Regulation of Multiproduct Firms : An Application to the Rail Industry
Wilson, Wesley W. - 2018
A number of formerly regulated multiproduct industries have a transitional or permanent residual regulatory mandate to protect consumers from "excessive" prices. The legislation that deregulated most rail rates contains a statutory mandate for the regulator to protect shippers from "excessive"...
Persistent link: https://www.econbiz.de/10012480919
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The Benchmark Inclusion Subsidy
Kashyap, Anil K. - 2018
We argue that a common practice of evaluating portfolio managers relative to a benchmark has real effects. Benchmarking …
Persistent link: https://www.econbiz.de/10012480988
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Is There Too Much Benchmarking in Asset Management?
Kashyap, Anil K. - 2020
We propose a model of asset management in which benchmarking arises endogenously, and analyze its unintended welfare … prices. Benchmarking inflates asset prices and gives rise to crowded trades, thereby reducing the effectiveness of incentive … crowding, opts for less benchmarking and less incentive provision. We also show that asset management costs are lower with …
Persistent link: https://www.econbiz.de/10012482239