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CEO Compensation
Frydman, Carola; Jenter, Dirk - 2021
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
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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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Executive Compensation : A Survey of Theory and Evidence
Edmans, Alex - 2017
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012949331
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Managers as Knowledge Carriers - Explaining Firms' Internationalization Success with Manager Mobility
Meinen, Philipp - 2018
How does “what managers know” affect firm performance on international markets? This question is of considerable …, stems from the experience of doing it. Therefore, different employers immensely contend for managers' highly valuable export … experience. As managers can accept better and better positions from several offers, they may become highly mobile, thus having a …
Persistent link: https://www.econbiz.de/10012912671
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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
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The Effect of Incentives in Non-Routine Analytical Teams Tasks - Evidence from a Field Experiment
Englmaier, Florian - 2018
Despite the prevalence of non-routine analytical team tasks in modern economies, little is known about how incentives influence performance in these tasks. In a field experiment with more than 3000 participants, we document a positive effect of bonus incentives on the probability of completion...
Persistent link: https://www.econbiz.de/10012921301
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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 motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...
Persistent link: https://www.econbiz.de/10013316554
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Asymmetric Taxation and Performance-Based Incentive Contracts
Niemann, Rainer - 2021
This paper analyzes the effects of symmetric and asymmetric taxation on performance-based versus fixed remuneration contracts. I integrate a proportional corporation tax and a proportional wage tax into a binary principal-agent model. The wage tax increases the remuneration costs and makes the...
Persistent link: https://www.econbiz.de/10013316066
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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
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Learning from the Past : Trends in Executive Compensation over the Twentieth Century
Frydman, Carola - 2021
with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …
Persistent link: https://www.econbiz.de/10013316448