Narrow search
Showing 1 - 10 of 312
Cover Image
Corporate governance and leverage : evidence from a natural experiment
Arping, Stefan; Sautner, Zacharias - 2009
We argue that the recent corporate governance reform in the Netherlands provides a natural experiment to explore the impact of changes in corporate governance on financing policy. We find that, relative to a control sample of comparable firms outside the Netherlands, Dutch firms significantly...
Persistent link: https://www.econbiz.de/10011380020
Cover Image
Incentivizing creativity : a large-scale experiment with tournaments and gifts
Bradler, Christiane; Neckermann, Susanne; Warnke, Arne - 2016
incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for …
Persistent link: https://www.econbiz.de/10011479746
Cover Image
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
Cover Image
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
Cover Image
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 information through peer evaluation. I study peer evaluation in a pure moral hazard model of production by two limitedly liable agents. Agents receive a signal about their...
Persistent link: https://www.econbiz.de/10011380732
Cover Image
Knowing that you matter, matters! : the interplay of meaning, monetary incentives, and worker recognition
Kosfeld, Michael; Neckermann, Susanne; Yang, Xiaolan - 2014
the effect of meaning to the effect of monetary incentives and of worker recognition via symbolic awards. We also look at … interaction effects. While meaning outperforms monetary incentives, the latter have a robust positive effect on performance that …
Persistent link: https://www.econbiz.de/10010337021
Cover Image
The flipside of comparative payment schemes
Buser, Thomas; Dreber, Anna - 2013
Comparative payment schemes and tournament-style promotion mechanisms are ubiquitous in the work place. We test experimentally whether they have a negative impact on the willingness to cooperate. Participants first perform in a simple task and then participate in a public goods game. The payment...
Persistent link: https://www.econbiz.de/10010225779
Cover Image
Persistent effects of temporary incentives : evidence from a nationwide health insurance experiment
Baillon, Aurélien; Capuno, Joseph J.; O'Donnell, Owen; … - 2019
Temporary incentives are offered in anticipation of persistent effects, but these are seldom estimated. We use a … nationwide randomized experiment in the Philippines to estimate effects three years after the withdrawal of two incentives for …
Persistent link: https://www.econbiz.de/10012122550
Cover Image
The (self-)funding of intangibles
Döttling, Robin; Ladika, Tomislav; Perotti, Enrico C. - 2016
In response to technological change, U.S. corporations have been investing more in intangible capital. This transformation is empirically associated with lower leverage and greater cash holdings, and commonly explained as a precautionary response to reduced debt capacity. We model how firms'...
Persistent link: https://www.econbiz.de/10011556238
Cover Image
The fundamental equation in tourism finance
McAleer, Michael - 2015
The purpose of the paper is to present the fundamental equation in tourism finance that connects tourism research to empirical finance and financial econometrics. The energy industry, which includes, oil, gas and bio-energy fuels, together with the tourism industry, are two of the most important...
Persistent link: https://www.econbiz.de/10011391546