Showing 1 - 10 of 810
We present a regression-based generalization of the calendar time portfolio approach which allowsfor the inclusion of continuous and multivariate investor or firm characteristics in the analysis. Ourmethod is simple to apply and it ensures that the statistical results are heteroscedasticity...
Persistent link: https://www.econbiz.de/10011390620
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...
Persistent link: https://www.econbiz.de/10010325988
This paper explores performance measurement in incentive plans. Based on theory, we argue that differences in the … measurement for white-collar workers is broader in terms of the performance measures, the organizational level of performance … measurement and the time horizon. The intensity of incentives is also stronger for white-collar employees. All of these findings …
Persistent link: https://www.econbiz.de/10010273025
Persistent link: https://www.econbiz.de/10014306490
determinants of this trade-off and demonstrate its implications for performance measurement and information system design. …
Persistent link: https://www.econbiz.de/10010421330
Purpose: The question of resource scarcity and emerging pressure of environmental legislations has brought a new challenge for the manufacturing industry. On the one hand, there is a huge population that demands a large quantity of commodities; on the other hand, these demands have to be met by...
Persistent link: https://www.econbiz.de/10010500504
Environmental cost-benefit analysis (ECBA) refers to social evaluation of investment projects and policies that involve significant environmental impacts. Valuation of the environmental impacts in monetary terms forms one of the critical steps in ECBA. We propose a new approach for environmental...
Persistent link: https://www.econbiz.de/10010312377
This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual...
Persistent link: https://www.econbiz.de/10010282286
). In addition the deviation from the yearly mean differs between occupations at certain measurement dates because … shares instead of certain measurement dates. It also argues to use daily accurate employment data from the German social …
Persistent link: https://www.econbiz.de/10010298066
This paper provides an axiomatic characterization of two rules for comparing alternative sets of objects on the basis of the diversity that they offer. The framework considered assumes a finite universe of objects and an a priori given ordinal quadernary relation that compares alternative pairs...
Persistent link: https://www.econbiz.de/10011324919