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Tournaments and managerial incentives in China's listed firms: new evidence

Kato, Takao; Long, Cheryl - 2008

an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …

Persistent link: https://www.econbiz.de/10010268884

Coordination under the shadow of career concerns

Koch, Alexander K.; Morgenstern, Albrecht - 2009

To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...

Persistent link: https://www.econbiz.de/10010271239

Mixed Up? : That's Good for Motivation

Koch, Alexander K.; Peyrache, Eloïc - 2004

An essential ingredient in models of career concerns is ex ante uncertainty about an agent's type. This paper shows how career concerns can arise even in the absence of any such ex ante uncertainty, if the unobservable actions that an agent takes influence his future productivity. By...

Persistent link: https://www.econbiz.de/10010276186

An economic analysis of identity and career choice

Knoth Humlum, Maria; Kleinjans, Kristin J.; Skyt … - 2007

Standard economic models which focus on pecuniary payoffs cannot explain why there are highly able individuals who choose careers with low pecuniary returns. Therefore, financial incentives are unlikely to be effective in influencing career choices of these individuals. Based on Akerlof and...

Persistent link: https://www.econbiz.de/10010268181

The Peter Principle: an experiment

Dickinson, David L.; Villeval, Marie-Claire - 2007

The Peter Principle states that, after a promotion, the observed output of promoted employees tends to fall. Lazear (2004) models this principle as resulting from a regression to the mean of the transitory component of ability. Our experiment reproduces this model in the laboratory by means of...

Persistent link: https://www.econbiz.de/10010277006

Gender gaps in Spain: Family issues and the career development of college educated men and women

González de San Román, Ainara; de la Rica, Sara - 2012

Our goal in this paper is to focus on highly educated men and women and try to explore the trade-offs between family and working career in Spain, where changes in female behavior with respect to the labor market have been relatively recent but rather important. We compare male and female...

Persistent link: https://www.econbiz.de/10010289972

Effort-Based Career Opportunities and Working Time

Bratti, Massimiliano; Staffolani, Stefano - 2005

In this paper we describe the hypothesis of effort-based career opportunities as a situation in which profit maximizing firms create incentives for employees to work longer hours than the bargained ones, by making career prospects dependent on working hours. When effortbased career opportunities...

Persistent link: https://www.econbiz.de/10010262198

The Peter Principle: A Theory of Decline

Lazear, Edward P. - 2003

Some have observed that individuals perform worse after being promoted. The Peter Principle, which states that people are promoted to their level of incompetence, suggests that something is fundamentally misaligned in the promotion process. This view is unnecessary and inconsistent with the...

Persistent link: https://www.econbiz.de/10010262717

Job assignments under moral hazard: the Peter Principle revisited

Koch, Alexander K.; Nafziger, Julia - 2007

The Peter Principle captures two stylized facts about hierarchies: first, promotions often place employees into jobs for which they are less well suited than for that previously held. Second, demotions are extremely rare. Why do organizations not correct 'wrong' promotion decision? This paper...

Persistent link: https://www.econbiz.de/10010268113

Promotions and incentives: the case of multi-stage elimination tournaments

Altmann, Steffen; Falk, Armin; Wibral, Matthias - 2008

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/10010269362

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