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Bonus Payments, Hierarchy Levels and Tenure : Theoretical Considerations and Empirical Evidence
Grund, Christian - 2010
Using data on executive compensation for the German chemical industry, we investigate the relevance of two theoretical approaches that focus on bonuses as part of a long term wage policy of a firm. The first approach argues that explicit bonuses serve as substitutes for implicit career concerns....
Persistent link: https://www.econbiz.de/10013136492
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Not so Lucky Any More : CEO Compensation in Financially Distressed Firms
Kang, Qiang; Mitnik, Oscar A. - 2021
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/10013324758
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Paid to Perform? Compensation Profiles Under Pure Wage and Performance Related Pay Arrangements
Sessions, John G. - 2011
models where, in some regions, workers reduce effort in response to higher wages, but differs in that firms never operate in … performance related pay (PRP) flattens the pay-tenure profile. Wages and effort increase over the lifecycle, both with and without …
Persistent link: https://www.econbiz.de/10013127310
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Managerial Incentives and Favoritism in Promotion Decisions : Theory and Field Evidence
Berger, Johannes - 2011
mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans …
Persistent link: https://www.econbiz.de/10013128837
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Base Salaries, Bonus Payments, and Work Absence Among Managers in a German Company
Pfeifer, Christian - 2013
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
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The Effect of Adversity on Process Innovations and Managerial Incentives
Dostie, Benoit - 2009
This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...
Persistent link: https://www.econbiz.de/10013158121
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Task Difficulty, Performance Measure Characteristics, and the Trade-Off between Insurance and Well-Allocated Effort
Schnedler, Wendelin - 2021
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10013317592
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How Do Labor Representatives Affect Incentive Orientation of Executive Compensation?
Dyballa, Katharina - 2016
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
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Management Compensation and the Economic Crisis : Longitudinal Evidence from the German Chemical Sector
Grund, Christian - 2013
extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards … perspective. We also examine that certain parts of managers seem to have more power to influence their compensation than others …. Inequality in managers' compensation decreased during the crisis …
Persistent link: https://www.econbiz.de/10013080144
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Bonus Culture : Competitive Pay, Screening, and Multitasking
Bénabou, Roland - 2013
This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most talented workers leads to an escalating reliance on...
Persistent link: https://www.econbiz.de/10013083378