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The degradation of distorted performance measures
Sloof, Randolph; Praag, Mirjam van - 2008
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...
Persistent link: https://www.econbiz.de/10011376645
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How important are risk-taking incentives in executive compensation?
Dittmann, Ingolf; Yu, Ko-Chia - 2009
This paper investigates whether observed executive compensation contracts are designed to provide risk-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...
Persistent link: https://www.econbiz.de/10011378949
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Paid to quit
Dur, Robert A. J.; Schmittdiel, Heiner - 2013
the principal can neither observe agents’ commitment to the job nor their intrinsic motivation. A steep wage …
Persistent link: https://www.econbiz.de/10010224783
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Wage structure and the incentive effect of promotions
Herpen, Marco van; Cools, Cornelis; Praag, Mirjam van - 2004
as a wage determinant. We furthermore show that a promotion affects both intrinsic and extrinsic motivation significantly …, though in two different ways: An expected promotion increases extrinsic motivation whereas intrinsic motivation is highest … subsequent to a realized promotion. The relationship between extrinsic motivation and expected promotions implies that promotions …
Persistent link: https://www.econbiz.de/10011337995
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From public monopsony to competitive market : more efficiency but higher prices
Delfgaauw, Josse; Dur, Robert A. J. - 2002
-minimizing public firm. Workers in the economy are heterogeneous in their intrinsic motivation to work in the sector. In line with …
Persistent link: https://www.econbiz.de/10011327829
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The degradation of distorted performance measures : an application to residual income based measures like EVA
Sloof, Randolph; Praag, Mirjam van - 2008
Persistent link: https://www.econbiz.de/10003756053
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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
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Are CEOs incentivized to avoid corporate taxes? : empirical evidence on managerial bonus contracts
Schmittdiel, Heiner - 2014
explanation is that managers require to be compensated for the additional risk inherent in running an aggressive tax strategy. In …
Persistent link: https://www.econbiz.de/10010346227
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Incentives, performance and choking in darts
Klein Teeselink, Bouke; Potter van Loon, Rogier J. D.; … - 2018
This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising a total of 123,402 darts matches of professional, amateur, and youth players. The game of darts offers an attractive natural research setting, because performance can be...
Persistent link: https://www.econbiz.de/10011949171
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Incentive systems in a real effort experiment
Dijk, Frans van; Sonnemans, Joep; Winden, Frans A. A. M. van - 1998
Persistent link: https://www.econbiz.de/10000981250