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This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we …
Persistent link: https://www.econbiz.de/10013082165
bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10013089005
Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10012984836
The core role of managerial accounting is to provide information to facilitate managers' decisions and influence their … experiment in a large retail chain. In a 2 × 2 factorial design, we vary: (i) whether store managers obtain access to decision … different behavioral channels. In particular, managers make use of the information provided by placing higher-margin products …
Persistent link: https://www.econbiz.de/10013238644
predictions from the tournament theory to the context of transition economies in which state ownership still plays a significant …The promotion tournament as a potentially important incentive mechanism for top management in transition economies has … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 …
Persistent link: https://www.econbiz.de/10013324940
. Our results are consistent with the theory of strategic ambiguity of Bernheim and Whinston (1998) and can be rationalized …
Persistent link: https://www.econbiz.de/10013316957
workers and managers. Average output is substantially higher if bonuses are paid in the middle rather than upfront or at the …
Persistent link: https://www.econbiz.de/10012915741
The underrepresentation of women at the top of hierarchies is often explained by gender differences in preferences. We find support for this claim by analyzing a large dataset from an online card game community, a stylized yet natural setting characterized by self-selection into an uncertain,...
Persistent link: https://www.econbiz.de/10013001861
Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs through outsourcing. The objective is to raise domestic employment. Given that many of the important international markets where the US has a comparative advantage feature...
Persistent link: https://www.econbiz.de/10013131419
This paper studies oligopolistic competition in education markets when schools can be private and public and when the quality of education depends on "peer group" effects. In the first stage of our game schools set their quality and in the second stage they fix their tuition fees. We examine how...
Persistent link: https://www.econbiz.de/10013085046