Showing 1 - 10 of 6,570
We study the relation between compensation practices, incentives, and performance in private equity using new data that … performance incentives, we find no evidence that higher compensation or lower managerial ownership are associated with worse net … productivity of manager skills, and in which managers with higher compensation earn back their pay by delivering higher gross …
Persistent link: https://www.econbiz.de/10013066311
We investigate whether bank performance during the credit crisis of 2008 is related to CEO incentives and share … no evidence that banks with CEOs whose incentives were better aligned with the interests of their shareholders performed …
Persistent link: https://www.econbiz.de/10013151644
Contracts in a dynamic model must address a number of issues absent from static frameworks. Shocks to firm value may weaken the incentive effects of securities (e.g. cause options to fall out of the money), and the impact of some CEO actions may not be felt until far in the future. We derive the...
Persistent link: https://www.econbiz.de/10013156534
We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to … possibility that the growth of common ownership has had a significant impact on managerial incentives.Institutional subscribers to …
Persistent link: https://www.econbiz.de/10012890898
What determines CEO incentives? A confusion exists among both academics and practitioners about how to measure the … strength of CEO incentives, and how to reconcile the enormous differences in pay sensitivities between executives in large and … small firms. We show that while one measure of CEO incentives (the dollar change in CEO wealth per dollar change in firm …
Persistent link: https://www.econbiz.de/10013234372
The paper studies how a person's concern for a future career may influence his or her incentives to put in effort or …
Persistent link: https://www.econbiz.de/10013324064
As multi-hospital kidney exchange clearinghouses have grown, the set of players has grown from patients and surgeons to include hospitals. Hospitals have the option of enrolling only their hard-to-match patient-donor pairs, while conducting easily arranged exchanges internally. This behavior has...
Persistent link: https://www.econbiz.de/10013130977
educator performance metrics and measures of student achievement. To mitigate incentives for coaching, incentive systems should … information about student achievement because they create no incentives for educators to take hidden actions that contaminate …
Persistent link: https://www.econbiz.de/10013131241
about fundamentals to investors and managers. First, we show that the informational feedback between the firm's share price … that explicitly linking managerial compensation to share prices gives managers an incentive to manipulate the firm …'s decisions to their own benefit. The managers take advantage of shareholders by taking excessive investment risks when the market …
Persistent link: https://www.econbiz.de/10013121056
provision of incentives to corporate scientists, in an environment where (1) scientists engage in multiple activities when …-monetary incentives; and (4) firms compete on the product market. We show that both the degree of knowledge spillovers and of market … competition affect the incentives given to scientists, and these effects interact. First, high knowledge spillovers lead firms to …
Persistent link: https://www.econbiz.de/10013125567