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Balanced Scorecards : A Relational Contract Approach
Kvaloy, Ola; Olsen, Trond E. - 2021
Reward systems based on balanced scorecards typically connect pay to an index, i.e. a weighted sum of multiple performance measures. We show that such an index contract may indeed be optimal if performance measures are non-verifiable so that the contracting parties must rely on self-enforcement....
Persistent link: https://www.econbiz.de/10013243235
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The Determinants of Subnational Public Spending Allocation for Disaster Risk Reduction in Bangladesh
Karim, Azreen - 2020
disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a … comprehensive dataset for the 483 sub-districts (Upazilas) in Bangladesh, tracking disaster risk reduction and adaptation funding … transfers, provided that it is allocated rationally. Broadly, this appears to be the case in Bangladesh. We leave the measuring …
Persistent link: https://www.econbiz.de/10012842384
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Gender Empowerment, Supply-Chain Linkages and Foreign Direct Investment : Evidence on Bangladesh
Kee, Hiau-Looi - 2020
on a unique firm-to-firm dataset of Bangladesh's textiles and garment sectors. We look at the female employment of …
Persistent link: https://www.econbiz.de/10012823560
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Layoffs and Productivity at a Bangladeshi Sweater Factory
Akerlof, Robert - 2020
Conflicts between management and workers are common and can have significant impacts on productivity. We study how workers in a large Bangladeshi sweater factory responded to management's decision to lay off about a quarter of the workers following a period of labor unrest. Our main finding is...
Persistent link: https://www.econbiz.de/10012825388
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Flexible Microcredit : Effects on Loan Repayment and Social Pressure
Czura, Kristina - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012832188
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Social Norms and Misinformation : Experimental Evidence on Learning About Menstrual Health Management in Rural Bangladesh
Castro, Silvia; Czura, Kristina - 2021
with women in rural Bangladesh, we measure social norms in the form of empirical and normative expectations about menstrual …
Persistent link: https://www.econbiz.de/10013227602
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Fishing for Excuses and Performance Evaluation
Larmande, François; Ponssard, Jean-Pierre - 2014
We study a principal-agent model in which the agent can provide ex post additional relevant information regarding his performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors outside his control. However, building a convincing...
Persistent link: https://www.econbiz.de/10010328856
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Selectivity, Market Timing and the Morningstar Star-Rating System
Antypas, Antonios; Caporale, Guglielmo Maria; … - 2009
This paper evaluates the Morningstar mutual fund ranking system. We find that indeed higher Morningstar ratings are associated with higher returns on the portfolios including respectively five-, four-, three-, two- and one-star funds only (STAR5 to STAR1). We then perform an unconditional and...
Persistent link: https://www.econbiz.de/10010264584
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Active currency investing and performance benchmarks
Melvin, Michael; Shand, Duncan - 2010
There are no established benchmarks for evaluating currency investment manager performance. Some analysts have suggested that known investing styles like momentum, purchasing power parity, and carry serve as benchmarks. Challenges for this approach include: there is no market portfolio; there...
Persistent link: https://www.econbiz.de/10010270471
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The benefits of being economics professor A (and not Z)
van Praag, C. Mirjam; van Praag, Bernard M. S. - 2007
Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more...
Persistent link: https://www.econbiz.de/10010276299