Michal Mat\v{e}jka; Merchant, Kenneth A.; Stede, Wim A. … - In: Management Science 55 (2009) 6, pp. 890-905
We examine the extent to which employment horizon concerns affect the relative emphasis on financial versus nonfinancial performance measures in annual bonus plans. We argue that managers of loss-making firms are likely to voluntarily or forcibly depart in the near future and, consequently, have...