performance, even with quite large teams. We examine whether this effect was due to increased effort from workers or strategic … task reallocation. We find that the provision of financial incentives did raise individual performance but that managers …

In this paper, the authors provide evidence that the convexity of the flow-performance relationship in the mutual fund …/eliminates the degree of convexity of the flow-performance relationship. The effect of economic activity dominates that of market … explains why mutual fund performance varies with the business cycle. …