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How important are risk-taking incentives in executive compensation?
Dittmann, Ingolf; Yu, Ko-Chia - 2009
-taking incentives in addition to effort incentives. We develop a stylized principal-agent model that captures the interdependence … between firm risk and managerial incentives. We calibrate the model to individual CEO data and show that it can explain … with the almost uniform use of at-the-money stock options. We conclude that the provision of risk-taking incentives is a …
Persistent link: https://www.econbiz.de/10011378949
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Social relations and relational incentives
Dur, Robert A. J.; Tichem, Jan - 2012
Persistent link: https://www.econbiz.de/10009722629
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Peer evaluation : incentives and co-worker relations
Sol, Joeri - 2010
In many workplaces co-workers have the best information about each other's effort. Managers may attempt to exploit this …
Persistent link: https://www.econbiz.de/10011380732
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Disciplining and screening top executives
Dominguez-Martinez, Silvia; Swank, Otto H.; Visser, Bauke - 2006
Boards of directors face the twin task of disciplining and screening executives. To perform these tasks directors do not have detailed information about executives' behaviour, and only infrequently have information about the success or failure of initiated strategies, reorganizations, mergers...
Persistent link: https://www.econbiz.de/10011349199
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Wage structure and the incentive effect of promotions
Herpen, Marco van; Cools, Cornelis; Praag, Mirjam van - 2004
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011337995
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The value relevance of disclosing a single corporate target : an explorative empirical analysis
Cools, Cornelis; Praag, Mirjam van - 2003
This paper explores the relationship between disclosing corporate targets and value creation. Our empirical results show the value relevance of voluntarily disclosing a low number of targets, whereas there is a clear additional positive effect of disclosing exactly one corporate target in the...
Persistent link: https://www.econbiz.de/10011453249
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Testing for distortions in performance measures : an application to residual income based measures like economic value added
Sloof, Randolph; Praag, Mirjam van - 2014
Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical test developed by Courty and Marschke (2008) to detect whether the widely used class of Residual Income based...
Persistent link: https://www.econbiz.de/10010350010
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On esteem-based incentives
Mazyaki, Ali; Weele, Joël J. van der - 2018
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
Persistent link: https://www.econbiz.de/10011844573
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Dynamic incentive effects of relative performance pay : a field experiment
Delfgaauw, Josse; Dur, Robert A. J.; Non, Jan Adrianus; … - 2013
performance of the treatment stores. As predicted by theory, treatment stores that lag far behind do not respond to the incentives …
Persistent link: https://www.econbiz.de/10011382591
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Biased supervision
Delfgaauw, Josse; Souverijn, Michiel - 2014
, but cannot always be eliminated. We apply our results to the choice between specialist and generalist middle managers …
Persistent link: https://www.econbiz.de/10010395075