We present a wage-hours contract designed to minimize costly job turnover given investments in on the job training …

This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we …. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal. We find …

bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …

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 …

seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding …

perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

We present evidence on the effect of social connections between workers and managers on productivity in the workplace … workers managed. We find that when managers are paid fixed wages, they favor workers to whom they are socially connected …