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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
We provide evidence that promotion incentives influence the effort of public employees by studying China's system of …
Persistent link: https://www.econbiz.de/10012962307
We derive a theoretical model of effort in the presence of career concern based on the multi-unit all-pay auction, and closely inspired by the Italian academic market. In this model, the number of applicants, the number of new posts, and the relative importance of the determinants of promotion...
Persistent link: https://www.econbiz.de/10013049745
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
Promotion tournaments play an important role for the provision of incentives in firms. In this paper, we extend research on single-stage rank-order tournaments and analyze behavior in multi-stage elimination tournaments. The main treatment of our laboratory experiment is a two-stage tournament...
Persistent link: https://www.econbiz.de/10013324780
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
We use data on British football managers and teams over the 1994-2007 period to study substitution and complementarity … equal, managers who themselves played at a higher level raise the productivity of less-skilled teams by more than that of … subordinates the skills needed to succeed, since less skilled players have more to learn. We also find that managers with more …
Persistent link: https://www.econbiz.de/10013153492
On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...
Persistent link: https://www.econbiz.de/10013316805
We formulate an empirical model of promotion with dynamic self-selection where the current promotion probability depends on the hierarchical level in the firm, individual human capital, unobserved (to the econometrician) individual specific attributes, time varying firm specific variables (firm...
Persistent link: https://www.econbiz.de/10013319515
-stereotyping in a large cross section of (about 2,970) managers at different job levels in (1,875) Danish private-sector firms. The … survey data used contain detailed information about the managers as well as their employers. We find significant gender … differences between managers with regard to gender stereotyping attitudes. Male managers on average tend to have stronger gender …
Persistent link: https://www.econbiz.de/10012948650