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A Theory of Tax Avoidance -- Managerial Incentives for Tax Planning in a Multi-Task Principal-Agent Model

Ewert, Ralf - 2014

We derive determinants of tax avoidance by means of a multi-task principal-agent model. We extend prevailing models by integrating both corporate and individual income taxation as well as by including tax planning effort in the agent's action portfolio. Our model shows novel and apparently...

Persistent link: https://www.econbiz.de/10013051278

Hidden Benefits of Reward : A Field Experiment on Motivation and Monetary Incentives

Kvaloy, Ola - 2013

We conduct a field experiment in a controlled work environment to investigate the effect of motivational talk and its interaction with monetary incentives. We find that motivational talk significantly improves performance only if it is accompanied by performance pay. Moreover, performance pay...

Persistent link: https://www.econbiz.de/10013075962

Contractual and Organizational Structure with Reciprocal Agents

Englmaier, Florian; Leider, Stephen - 2021

Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal …-WERS workplace compensation data set to confirm the predictions of our extended model …

Persistent link: https://www.econbiz.de/10013316554

Promotion Rat Race and Public Policy

Bjertnæs, Geir H. - 2012

This study investigates whether excess effort to climb a career ladder justifies policy interventions. The answer depends on whether the government is able to levy a higher tax burden on career workers than on non-career workers. Both a tax on top income aimed at lowering the rewards of...

Persistent link: https://www.econbiz.de/10013107554

CEO Compensation

Frydman, Carola; Jenter, Dirk - 2021

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has … sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the … result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

Persistent link: https://www.econbiz.de/10013316120

Academics Appreciate Awards - A New Aspect of Incentives in Research

Frey, Bruno S. - 2009

economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than …

Persistent link: https://www.econbiz.de/10012765608

Profit Sharing, Wage Formation and Flexible Outsourcing under Labor Market Imperfection

Koskela, Erkki - 2013

We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...

Persistent link: https://www.econbiz.de/10013095155

Delegation and Dynamic Incentives

Shin, Dongsoo - 2014

Using an agency model, we show how delegation, by generating additional private information, improves dynamic incentives under limited commitment. It circumvents ratchet effects and facilitates the revelation of persistent private information through two effects: a play-hardball effect, which...

Persistent link: https://www.econbiz.de/10013053709

Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model

Malcomson, James M. - 2021

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10013316254

The Effect of Adversity on Process Innovations and Managerial Incentives

Dostie, Benoit; Jayaraman, Rajshri - 2021

This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...

Persistent link: https://www.econbiz.de/10013316356

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