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relative to single managers. During the financial crisis, however, the performance premium of teams becomes negative, which may …
Persistent link: https://www.econbiz.de/10010503931
In their joint framework project, the FASB and the IASB recently proposed dropping stewardship as a separate objective of financial accounting, because the Boards view stewardship and valuation usefulness as compatible sub-objectives ranking under an overall objective of decision usefulness....
Persistent link: https://www.econbiz.de/10003693060
This study provides a comprehensive overview of the use of credit default swaps by U.S. corporate bond funds and analyzes in detail whether certain characteristics of managers, in addition to the fundamentals of a fund, determine how their use these credit derivatives. Results suggest that a...
Persistent link: https://www.econbiz.de/10010503878
Research Centre (CRC) on financial inputs and research output from 2005 to 2016. After selecting performance indicators … the dimensions of research performance, we use a time fixed effects panel data model and fixed effects Poisson model. With …
Persistent link: https://www.econbiz.de/10011870564
The management of universities demands data on teaching and research performance. While teaching parameters can be … measured via student performance and teacher evaluation programs, the connection of research outputs and their grant …
Persistent link: https://www.econbiz.de/10011760360
performance for European firms suggest that the pay-performance sensitivity is not significantly positive. We argue that a … nonlinear structure fits the data better, because compensation contracts provide for minimum performance benchmarks and an upper … limit to the variable component of compensation. We test for such discontinuities in the pay performance relationship, and …
Persistent link: https://www.econbiz.de/10008749875
agents. Performance is evaluated via an observable, but non-contractible signal which reflects the agent's individual …
Persistent link: https://www.econbiz.de/10003402360
We analyze the optimal combination of promotion tournaments and individual performance pay in an employment … candidate. Thus, we give a possible explanation for why individual performance schemes are less often observed in practice than …
Persistent link: https://www.econbiz.de/10003634017
The relationship between CEO pay and performance has been much analyzed in the management and economics literature …
Persistent link: https://www.econbiz.de/10003727332
An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission to the advisor. Do advisors nevertheless provide truthful advice? If not, will a voluntary or...
Persistent link: https://www.econbiz.de/10011530061