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Assessing the Performance of Business Unit Managers

Bouwens, Jan; van Lent, L.A.G.M. - Tilburg University, Center for Economic Research - 2006

Using a sample of 140 managers, we investigate the use of various performance metrics in determining the periodic … assessment, bonus decisions, and career paths of business unit managers.We show that the weight on accounting return measures is … associated with the authority of these managers, and we document that both disaggregated measures (expenses and revenues), and …

Persistent link: https://www.econbiz.de/10011091793

Effort and Selection Effects of Incentive Contracts

Bouwens, Jan; van Lent, L.A.G.M. - Tilburg University, Center for Economic Research - 2003

We show that the improved effort of employees associated with incentive contracts depends on the properties of the performance measures used in the contract.We also find that the power of incentives in the contract is only indirectly related to any improved employee effort.High powered incentive...

Persistent link: https://www.econbiz.de/10011091091

Supply Chain Simulation : A Survey

Kleijnen, Jack P.C. - Tilburg University, Center for Economic Research - 2003

This paper provides a survey of simulation in supply chain management.It reviews four types of simulation, namely spreadsheet simulation, system dynamics, discreteevent simulation, and business games.Which simulation type should be applied, depends on the type of managerial question to be...

Persistent link: https://www.econbiz.de/10011091311

Survival, Look-Ahead Bias and the Persistence in Hedge Fund Performance

ter Horst, Jenke; Baquero, G.; Verbeek, M.J.C.M. - Tilburg University, Center for Economic Research - 2002

Hedge funds databases are typicall subject to high attrition rates because of fund termination and self-selection.Even when all funds are included up to their last available return, one cannot prevent that ex post conditioning biases affect standard estimates of performance persistence.In this...

Persistent link: https://www.econbiz.de/10011092451

Decentralization, Interdependence and Performance Measurement System Design : Sequences and Priorities

Bouwens, Jan; Abernethy, M.; van Lent, L.A.G.M. - Tilburg University, Center for Economic Research - 2001

We investigate the determinants of decentralization and performance measurement choices in multidivisional firms.We extend the research on the economics of organizational design choices by examining the impact of two important determinants of those choices, namely, subunit interdependencies and...

Persistent link: https://www.econbiz.de/10011092876

Sealed-Bid Auctions : Case Study

Kleijnen, Jack P.C.; van Schaik, F.D.J. - Tilburg University, Center for Economic Research - 2001

sharply to changes in annual supply and that seasonality causes a bullwhip effect.Finally, purchase managers perform …) provides a novel tool for objective performance evaluation of purchase managers. …

Persistent link: https://www.econbiz.de/10011092927

Environmental Policy and Competitiveness : The Porter Hypothesis and the Composition of Capital

de Zeeuw, Aart; Xepapadeas, A. - Tilburg University, Center for Economic Research - 1998

competitiveness. The suggestion received strong criticism from economists mainly driven by the idea that if opportunities for higher … competitiveness exist firms do not have to be triggered by an extra cost. Therefore, the trade-off for the government between …

Persistent link: https://www.econbiz.de/10011092765

Competitive Procurement and Asset Specificity

Sorana, V. - Tilburg University, Center for Economic Research - 2003

This paper studies the effects of asset specificity on the performance of procurement auctions with subcontracting and asset sales.The analysis highlights the role of several asset features like transfer costs, type of alternative uses and maintenance requirements.It is argued that, if...

Persistent link: https://www.econbiz.de/10011092890

The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002

mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …

Persistent link: https://www.econbiz.de/10011092291

Dynamic incentives in the money management tournament

Palomino, F.A.; Prat, A. - Tilburg University, Center for Economic Research - 1998

Persistent link: https://www.econbiz.de/10011092634