performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors … principal to prefer a policy of adjusting ex post the performance measure for the information provided by the agent to a policy …

.<P> Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be … used class of Residual Income based performance measures —such as Economic Value Added (EVA)— is distorted, leading to … and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance measure that elicits …

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …

This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …

informed about their piece rate realization, they adapt their performance. One third of subjects nevertheless forego this …

in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … depend on our unique body of evidence from interviews with owner managers. Performance is measured using a Likert scale over … performance. This is done in two forms. The first involves generalised least squares estimation (with heteroskedastic adjustment …

in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … depend on our unique body of evidence from interviews with owner managers. Performance is measured using a Likert scale over … performance. This is done in two forms. The first involves generalised least squares estimation (with heteroskedastic adjustment …

performing relative to their benchmarks. In this paper we investigate experimentally how teams respond to relative performance … feedback (RPF) at team level. We find that when subjects work under team incentives, then RPF on team performance increases the … teams' average performance by almost 10 percent. The treatment effect is driven by higher top performance, as this is almost …

This paper reports results of two controlled experiments on the behavioural effects of relative performance information …-select. In fact, we demonstrate that RPI especially induces employees with a relatively low performance to voluntarily choose the …