Showing 1 - 10 of 1,179
We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …
Persistent link: https://www.econbiz.de/10010262364
Holmström?s (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way – which may or may not reasonably approximate real-life decision makers?...
Persistent link: https://www.econbiz.de/10010262147
of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests … received much attention, but is consistent with many of the facts, is selection. Managers and industry specialists may have … information about a firm?s prospects that is unavailable to outside investors. In order to induce managers to be truthful about …
Persistent link: https://www.econbiz.de/10010262719
When designing incentives for a manager, the trade-off between insurance and a good allocation of effort across various …
Persistent link: https://www.econbiz.de/10010268002
with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate … managers within a large pharmaceutical company not only show that changes in compensation incentives affect performance but …, which occur in both compensation incentives and team composition. The results of a real effort experiment conducted with …
Persistent link: https://www.econbiz.de/10010276427
mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer …This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans. …
Persistent link: https://www.econbiz.de/10010278492
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/10010291414
conclude that transparency does not weaken, but strengthen career concerns incentives. …
Persistent link: https://www.econbiz.de/10010261580
This paper estimates racial differences in the retention probability, pay and performance of NBA coaches over the 1996-2003 period. Using a hazard function approach, I find small and statistically insignificant racial differences in the exit hazard, conditional on team performance, team payroll,...
Persistent link: https://www.econbiz.de/10010261874
We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...
Persistent link: https://www.econbiz.de/10010286879