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Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like Economic Value Added
Sloof, Randolph; Praag, Mirjam van - Tinbergen Instituut - 2014
.<P> Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be … used class of Residual Income based performance measures —such as Economic Value Added (EVA)— is distorted, leading to … and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance measure that elicits …
Persistent link: https://www.econbiz.de/10011257274
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The Degradation of Distorted Performance Measures
Sloof, Randolph; Praag, Mirjam van - Tinbergen Institute - 2008
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …
Persistent link: https://www.econbiz.de/10005137095
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The Degradation of Distorted Performance Measures
Sloof, Randolph; Praag, Mirjam van - Tinbergen Instituut - 2008
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …
Persistent link: https://www.econbiz.de/10011256322
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The Effect of Noise in a Performance Measure on Work Motivation
Sloof, Randolph; Praag, C. Mirjam van - Tinbergen Instituut - 2008
performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … expectancy theory; noisier performance measures do not lower work motivation.<P>This discussion paper has resulted in a …
Persistent link: https://www.econbiz.de/10011255986
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The Effect of Noise in a Performance Measure on Work Motivation
Sloof, Randolph; Praag, C. Mirjam van - Tinbergen Institute - 2008
performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … expectancy theory; noisier performance measures do not lower work motivation.<P> …
Persistent link: https://www.econbiz.de/10005144498
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Gift Exchange and the Separation of Ownership and Control
Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - Tinbergen Instituut - 2006
This discussion paper resulted in an article in 'Games and Economic Behavior' (2013). Volume 77, issue 1, pages 41-60.<P> Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer...</p>
Persistent link: https://www.econbiz.de/10011255890
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The Interaction between Explicit and Relational Incentives: An Experiment
Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2009
We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After having gained experience with two payoff variations of the trust game, subjects in the final part explicitly choose which of these two variants to play. Theory predicts that...
Persistent link: https://www.econbiz.de/10005016258
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Gift Exchange and the Separation of Ownership and Control
Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2006
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are characterized by the separation of ownership and control....
Persistent link: https://www.econbiz.de/10005136878
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Rent-seeking versus Productive Activities in a Multi-task Experiment
Oosterbeek, Hessel; Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2006
Incentive instruments like asset ownership and performance pay often have to strike a balance between the productive …
Persistent link: https://www.econbiz.de/10005137154
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Rent-seeking versus Productive Activities in a Multi-task Experiment
Oosterbeek, Hessel; Sloof, Randolph; Sonnemans, Joep - Tinbergen Instituut - 2006
="http://www.sciencedirect.com/science/article/pii/S0014292110000978">'European Economic Review'</A>, 55(5), 630-43.<p>Incentive instruments like asset ownership and performance pay often …
Persistent link: https://www.econbiz.de/10011256678