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signaling research talent to outsiders. Awards should therefore be taken seriously as a means of motivating research that may … apply to other principal-agent settings as well. -- Awards ; money ; incentives ; academia ; research …
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Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive. The demand for awards relies on an...
Persistent link: https://www.econbiz.de/10003007523
Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive. The demand for awards relies on an...
Persistent link: https://www.econbiz.de/10002855909
. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance …
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