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evaluate the performance impact of individual managers by estimating regression models that include both team and manager fixed …We study the impact of managers on the success of professional soccer teams using data from the German "Bundesliga". We … effects, where we are exploiting the high turnover of managers between teams to disentangle the managers' contributions. We …
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mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans. -- incentives …
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We experimentally investigate a simple version of Holmstroem's career concerns model in which firms compete for agents in two consecutive periods. Profits of firms are determined by agents' unknown ability and the effort they choose. Before making second-period wage offers firms are informed...
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In this paper, we combine the strategic delegation approach of Fershtman-Judd-Sklivas with contets. The results show that besides a symmetric equilibrium there also exist asymmetric equilibria in which one owner induces pure sales maximization to his manager so that all the other firms drop out...
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It is often claimed that (i) managers work too hard on operational issues and do not spend enough effort on strategic …
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