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interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented … decisions. We compile unique panel data on executive compensation over the periods 2006 to 2011 for 405 listed companies and use … a Hausman-Taylor approach to estimate the effect of codetermination on the compensation design. Finally, codetermination …
Persistent link: https://www.econbiz.de/10012984836
Pay for performance (P4P) incentives for physicians are generally designed as additional payments that can be paired with any existing payment mechanism such as salary, fee-for-service, and capitation. However, the link between the physician response to performance incentives and the existing...
Persistent link: https://www.econbiz.de/10013107695
How to design compensation schemes to motivate team members appears to be one of the most challenging problems in the … with and without bonuses awarded to the highest contributors in teams. A purely team-based compensation scheme induces …
Persistent link: https://www.econbiz.de/10012779052
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10013147137
In this study, we explore the relation between job characteristics and employees' self-evaluations of performance in comparison to their colleagues' performance. Making use of unique individual panel data of ten large firms in Germany's chemical industry, we focus on monetary rewards (bonus...
Persistent link: https://www.econbiz.de/10014345292
We exploit organizational reforms in a foreign-owned bank in Central-East Europe to study the implementation of modern HRM policies in an emerging market context. We have branch-level data and use our knowledge of the process that led to the adoption of the reforms to implement two estimators...
Persistent link: https://www.econbiz.de/10013071738
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms … 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
This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we …
Persistent link: https://www.econbiz.de/10013082165
management compensation. In this paper, we study the relation between management compensation and firm-level income dynamics in a …
Persistent link: https://www.econbiz.de/10013324993
We explore the dispersion of bonus payments of managers within and between five large firms from the German chemical …
Persistent link: https://www.econbiz.de/10012959667