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The degradation of distorted performance measures
Sloof, Randolph; Praag, Mirjam van - 2008
the remuneration contract. We apply their test to assess the distortion of the often used class of performance measures …
Persistent link: https://www.econbiz.de/10011376645
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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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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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Recruitment in a monopsonistic labour market : will travel costs be reimbursed?
Rouwendal, Jan; Ommeren, Jos van - 2008 - This version: 3-9-2008
model of a monopsonistic employer who determines an optimal recruitment policy in a spatial labour market with search … frictions and show that partial reimbursement of commuting cost will in general be an element of the recruitment policy. The …
Persistent link: https://www.econbiz.de/10011372498
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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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Social relations and relational incentives
Dur, Robert A. J.; Tichem, Jan - 2012
Persistent link: https://www.econbiz.de/10009722629
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Paid to quit
Dur, Robert A. J.; Schmittdiel, Heiner - 2013
Inspired by a recent observation about an online retail company, this paper explains why a firm may find it optimal to offer an exit bonus to recent hires so as to induce self-selection. We study a double adverse selection problem, in which the principal can neither observe agents’ commitment...
Persistent link: https://www.econbiz.de/10010224783
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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 … truthful. Still, the principal will always include such a bonus in the optimal contract, and possibly complement it with a team … bonus. Co-worker relations have non-monotic effects on profits in the optimal contract. …
Persistent link: https://www.econbiz.de/10011380732
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Self-selection and the power of incentive schemes : an experimental study
Výrašteková, Jana; Onderstal, Sander; Koning, Pierre - 2010
We examine how self-selection of workers into firms depends on the power of the firms' incentive schemes and how it affects the performance of firms that increase the power of the incentive schemes. In a laboratory experiment, we let subjects choose between (low-powered) team incentives and...
Persistent link: https://www.econbiz.de/10011381025
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The effects of performance measurement and compensation on motivation
Herpen, Marco van; Praag, Mirjam van; Cools, Cornelis - 2003
This paper analyzes empirically the relationship between pay and performance. Economic and psychological theories predict that the design and implementation of a performance measurement and compensation system affect the motivation of employees. Our survey results demonstrate a positive...
Persistent link: https://www.econbiz.de/10011333892