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Is Cross-listing Associated with Stronger Executive Incentives? Evidence from China
Chi, Wei; Zhang, Haiyan - Volkswirtschaftliche Fakultät, … - 2008
This study examines whether firms incorporated in mainland China benefit from cross-listing in Hong Kong, China. The Hong Kong Stock Market has more stringent governance rules and a better investor protection than the mainland market. Hong Kong companies generally provide strong incentives to...
Persistent link: https://www.econbiz.de/10005621936
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Bank Capital Requirements and Mandatory Deferral of Compensation
Feess, Eberhard; Wohlschlegel, Ansgar - Volkswirtschaftliche Fakultät, … - 2014
measures to reduce excessive risk-taking in the banking industry. We analyze the interplay of the two instruments in an economy … with two heterogenous banks that can fund uncorrelated projects with fully diversifiable risk or correlated projects with … systemic risk. If both project types are in abundant supply, we find that full mandatory deferral of compensation is beneficial …
Persistent link: https://www.econbiz.de/10011112412
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Teacher Behavior under Performance Pay Incentives
Jones, Michael D. - Volkswirtschaftliche Fakultät, … - 2012
Over the last decade many districts have implemented performance pay incentives to reward teachers for improving student test scores. Economic theory suggests that these programs could alter teacher work effort, cooperation, and retention. Because teachers can choose to work in a performance pay...
Persistent link: https://www.econbiz.de/10011258656
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Performance Pay and Information: Reducing Child Malnutrition in Urban Slums
Singh, Prakarsh - Volkswirtschaftliche Fakultät, … - 2011
This paper provides evidence for the effectiveness of performance pay to government workers and how performance pay interacts with demand-side information. In an experiment covering 145 child day-care centres, I implement three separate treatments. First, I engineer an exogenous change in...
Persistent link: https://www.econbiz.de/10009220685
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Rewarding Carrots & Crippling Sticks: Eliciting Employee Preferences for the Optimal Incentive Mix in Europe
Pouliakas, Konstantinos; Theodossiou, Ioannis - Volkswirtschaftliche Fakultät, … - 2009
A ranking of a variety of incentive devices used by firms according to their perceived effectiveness by employees is identified. The determinants of employee incentive preferences are also investigated, suggesting a ‘menu’ of conditions under which an organization’s personnel policies will...
Persistent link: https://www.econbiz.de/10005621344
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Does high involvement management lead to higher pay?
Böckerman, Petri; Bryson, Alex; Ilmakunnas, Pekka - Volkswirtschaftliche Fakultät, … - 2011
Using nationally representative survey data for Finnish employees linked to register data on their wages and work histories we find wage effects of high involvement management (HIM) practices are generally positive and significant. However, employees with better wage and work histories are more...
Persistent link: https://www.econbiz.de/10008835360
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Repeated moral hazard and contracts with memory: The case of risk-neutrality
Ohlendorf, Susanne; Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2011
We consider a repeated moral hazard problem, where both the principal and the wealth-constrained agent are risk …
Persistent link: https://www.econbiz.de/10008839203
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Market-based incentives
Grochulski, Borys; Zhang, Yuzhe - Volkswirtschaftliche Fakultät, … - 2013
We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously in a competitive labor market. In equilibrium, strong performance increases the agent's market value. When this value becomes sufficiently high, the threat of the agent's...
Persistent link: https://www.econbiz.de/10011108859
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Extending the managerial power theory of executive pay: A cross national test
Otten, Jordan J.A.; Heugens, Pursey P.M.A.R - Volkswirtschaftliche Fakultät, … - 2007
Contextual factors are typically neglected in both theorizing and empirical tests on executive pay. The fast majority of empirical investigations use data from U.S. based firms. Theoretical implications are typically developed, understood and tested on the basis of the U.S. context. However, the...
Persistent link: https://www.econbiz.de/10005621578
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Trends in High Incomes and Behavioral Responses to Taxation: Evidence from Executive Compensation and Statistics of Income Data
Nada, Eissa; Giertz, Seth - Volkswirtschaftliche Fakultät, … - 2006
This paper examines income trends from 1992 to 2004 and the responsiveness of different income measures to tax changes for corporate executives and for the very highest income U.S. taxpayers. We detail the growth in executive compensation and break down the components of that growth by sources,...
Persistent link: https://www.econbiz.de/10008566431