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cycle of managers. We calibrate this model to U.S plant-size data to quantify the effects of distortions that are correlated …
Persistent link: https://www.econbiz.de/10009408727
The core role of managerial accounting is to provide information to facilitate managers' decisions and influence their … behavior through incentives. We study the impact of these two roles of information on profits by implementing a field … experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision …
Persistent link: https://www.econbiz.de/10012487017
managers, coupled with bonuses based on their leadership rank among all leaders. Our intervention increased worker productivity …
Persistent link: https://www.econbiz.de/10014278019
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10011333286
This paper develops a novel method to identify the causal contribution of managers to team performance. The method … requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is … someone who consistently causes their team to produce more than the sum of their parts. Good managers have roughly twice the …
Persistent link: https://www.econbiz.de/10014584405
In recent decades, most developed countries have experienced a simultaneous increase in income inequality and management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a general equilibrium model. Empirical estimation, of the...
Persistent link: https://www.econbiz.de/10003754931
not been examined by the emerging literature on managerial incentives in transition economies. This paper is the first … economy. -- Tournaments ; managerial incentives ; ownership structure ; China ; transition economies …
Persistent link: https://www.econbiz.de/10003759900
convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways … altruistic managers may offer lower wages and nevertheless build up better social-exchange relationships with their employees … than egoistic managers do. In such equilibria, a low wage signals to employees that the manager has something else to offer …
Persistent link: https://www.econbiz.de/10003778476
There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...
Persistent link: https://www.econbiz.de/10003779098
The pay determining process of CEOs of UK higher education institutions is modelled using three econometric methodologies applied to a large and unique dataset for the academic years 1997/98 through to 2005/06. A gender differential in pay is detected and this differential remains robust across...
Persistent link: https://www.econbiz.de/10003779101