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Yes, managers should be paid like bureaucrats
Frey, Bruno S. (contributor); Osterloh, Margit (contributor) - 2005
. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance …
Persistent link: https://www.econbiz.de/10002572375
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Authoritarian leaders share conspiracy theories to attack opponents, promote in-group unity, shift blame, and undermine democratic institutions
Ren, Zhiying; Carton, Andrew M.; Dimant, Eugen; … - 2022
relationship between leadership and the spread of conspiracy theories. We propose that leaders spread conspiracy theories in …
Persistent link: https://www.econbiz.de/10013380459
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Norms and the evolution of leaders' followership
Cabrales, Antonio; Hauk, Esther - 2022
In this paper we model the interaction between leaders, their followers and crowd followers in a coordination game with local interaction. The steady states of a dynamic best-response process can feature a coexistence of Pareto dominant and risk dominant actions in the population. The existence...
Persistent link: https://www.econbiz.de/10013285659
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What explains the rise in CEO pay in Germany? : a panel data analysis for 1977-2009
Fabbri, Francesca; Marin, Dalia - 2012
work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypothesis in …
Persistent link: https://www.econbiz.de/10009508092
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Disentangling managerial incentives from a dynamic perspective : the role of stock grants
Hili, Amal; Laussel, Didier; Long, Ngo Van - 2016
We analyze the optimal contract between a risk-averse manager and the initial shareholders in a two-period model where the manager's investment effort, carried out in period 1, and her current effort, carried out in period 2, both impact the second-period profit, so that it may be difficult to...
Persistent link: https://www.econbiz.de/10011538964
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Managerial job assignment and imperfect competition in asymmetric equilibrium
Grossmann, Volker - 2003
This paper develops a model with multiple market locations in which the quality of intangible assets of firms, provided by management, determines the firms. performance. Despite an ex ante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to firms...
Persistent link: https://www.econbiz.de/10011507690
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Non-competitive wage-setting as a cause of unfriendly and inefficient leadership
Dur, Robert A. J.; Kvaløy, Ola; Schöttner, Anja - 2019 - This draft: September 2019
This paper develops a simple economic model to examine how leadership styles in organizations depend on the prevailing … incentives - motivate a worker by adopting leadership styles that differ in their non-monetary consequences for the worker's well …-being. Some leadership styles produce non-monetary benefits for workers (such as those involving the provision of praise to high …
Persistent link: https://www.econbiz.de/10012110227
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Relative performance evaluation in a multi-plant firm
Luporini, Annalisa (contributor) - 2005
We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...
Persistent link: https://www.econbiz.de/10002738411
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Managerial hedging and portfolio monitoring
Bisin, Alberto (contributor); Gottardi, Piero (contributor);  … - 2004
Incentive compensation induces correlation between the portfolio of managers and the cash flow of the firms they manage …. This correlation exposes managers to risk and hence gives them an incentive to hedge against the poor performance of their …
Persistent link: https://www.econbiz.de/10002521243
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Managerial talent, motivation, and self-selection into public management
Delfgaauw, Josse (contributor);  … - 2008
brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions … return to managerial ability is always highest in the private sector. As a result, relatively many of the more able managers …
Persistent link: https://www.econbiz.de/10003772147