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This paper examines the reliance on ESG metrics in executive compensation contracts. In our sample of international … publicly traded firms, a rapidly growing fraction incorporate ESG metrics in the compensation schemes of their top executives … measures is accompanied by improvements in ESG performance and meaningful changes in the compensation of executives. …
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between animal welfare and human ethics. We confirm that subjects with higher interests in the hen's well-being exhibit higher …
Persistent link: https://www.econbiz.de/10011668500
We investigate the elasticity of moral ignorance with respect to monetary incentives and social norm information. We propose that individuals suffer from higher moral costs when rejecting a certain donation, and thus pay for moral ignorance. Consistent with our model, we find significant...
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Using data from large-scale establishment surveys in Britain and France, we show that incentive pay for non-managers is …
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I study when a firm prefers to be transparent about pay using a simple multidimensional signaling model. Pay transparency within the firm means that a worker can learn about his own worker-firm match from another worker's pay. This can either encourage or discourage workers-which affects...
Persistent link: https://www.econbiz.de/10014479181
A large body of evidence suggests that people are willing to sacrifice personal material gain in order to adhere to a moral motive such as fairness or truth-telling. Yet less is known about what happens when moral motives are in conflict. We hypothesize that in such situations, individuals...
Persistent link: https://www.econbiz.de/10011996709
We conduct a field experiment where we vary both the presence of a gift-exchange wage and the effect of the worker's effort on the manager's payoff. Results indicate a strong complementarity between the initial wage-gift and the agent's ability to "repay the gift". We control for differences in...
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