Showing 81 - 90 of 693
tested empirically before; and (ii) whether incentives set through prizes matter for effort exertion; this assumption … obtained with data from professional tennis tournaments supports both the assumption that incentives matter, as well as the …
Persistent link: https://www.econbiz.de/10010261647
Tournament incentive schemes offer payments dependent on relative performance and thereby are intended to motivate agents to exert productive effort. Unfortunately, however, an agent may also be tempted to destroy the production of his competitors in order to improve the own relative position....
Persistent link: https://www.econbiz.de/10010262080
A standard hidden information model is considered to study the influence of the a priori productivity distribution on the optimal contract. A priori more productive (hazard rate dominant) agents work less, enjoy lower rents, but generate a higher expected surplus.
Persistent link: https://www.econbiz.de/10010262549
, managers therefore need to think about how to create and preserve high-quality co-worker relationships. This paper develops a … colleagues, which in turn creates co-worker altruism. We study how financial incentives for productive activities can improve or … damage the work climate. We show that both team incentives and relative incentives can help to create a good work climate. …
Persistent link: https://www.econbiz.de/10010269508
uncertainty about the agent's ex post productivity and generate reputational incentives. Our main result is that creating such …
Persistent link: https://www.econbiz.de/10010276186
managers and thus possibly making China's listed firms less effective in solving the agency problem. As such, ownership …
Persistent link: https://www.econbiz.de/10010267302
Research Question/ Issue: Do large, within-firm executive pay differences hurt firm performance? Prior literature shows mixed results concerning the sign of the relationship between executive pay disparity and firm performance. This study evaluates that literature, clarifies what tournament...
Persistent link: https://www.econbiz.de/10015165793
This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...
Persistent link: https://www.econbiz.de/10005822774
managers and thus possibly making China’s listed firms less effective in solving the agency problem. As such, ownership …
Persistent link: https://www.econbiz.de/10005566733
incentives as well as the puzzling incompleteness of many economic contracts. …
Persistent link: https://www.econbiz.de/10010261958