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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
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
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Testing canonical tournament theory: On the impact of risk, social preferences and utility structure
Sheremeta, Roman M.; Wu, Steven Y. - 2012
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10010282234
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Worker matching and firm value
Moen, Espen R.; Yashiv, Eran - 2012
stopping rule, and characterizes the resulting equilibrium in terms of employment, wages and distribution of firm values. The …
Persistent link: https://www.econbiz.de/10010283961
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Optimal incentive contracts under inequity aversion
Englmaier, Florian; Wambach, Achim - 2005
simple rationale for team based incentives in many environments. Fourth, the Sufficient Statistics Result is violated …
Persistent link: https://www.econbiz.de/10010267400
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Optimal Incentive Contracts under Inequity Aversion
Englmaier, Florian; Wambach, Achim - Institute for the Study of Labor (IZA) - 2005
simple rationale for team based incentives in many environments. Fourth, the Sufficient Statistics Result is violated …
Persistent link: https://www.econbiz.de/10005566722
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Management Incentives, Signaling Effects and the Costs of Vertical Integration
Sliwka, Dirk - 2003
the loss due to the lower quality. The anticipation of this effect leads to reduced ex ante incentives for the supplier …?s management to raise quality. A spin-off may therefore be beneficial as it strengthens incentives. Costs and benefits of vertical …
Persistent link: https://www.econbiz.de/10010261581
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Performance pay and earnings: evidence from personnel records
Pekkarinen, Tuomas; Riddell, Chris - 2006
This paper examines the effects of performance pay on earnings using linked employee-employer panel data from Finland. These payroll data contain information on the exact share of earnings obtained and hours worked on a performance pay contract. Using these data, we estimate the effects of...
Persistent link: https://www.econbiz.de/10010269236
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Base Salaries, Bonus Payments, and Work Absence among Managers in a German Company
Pfeifer, Christian - Institute for the Study of Labor (IZA) - 2012
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/10010675505
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An Experimental Test of Career Concerns
Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - 2004
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
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Output-Based Pay: Incentives, Retention or Sorting?
Lazear, Edward P. - 2003
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