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Wie sollte die Managementvergütung (nicht) reguliert werden? Ordnungspolitische Überlegungen zur Haftungsbeschränkung von und in Organisationen
Pies, Ingo; Sass, Peter - 2011
Walter Eucken hat die Institution der Haftungsbeschränkung radikal abgelehnt. Aus seiner Sicht war nur das Prinzip der Vollhaftung marktkonform. Diese Auffassung ist korrekturbedürftig, wie unter Rückgriff auf die moderne Mikroökonomik der Risikoallokation gezeigt wird: Zum einen kann es...
Persistent link: https://www.econbiz.de/10011733795
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010294492
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You Don't Always Get What You Pay For
Schnedler, Wendelin - 2007
rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also …
Persistent link: https://www.econbiz.de/10011422168
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Good news and bad news in subjective performance evaluation
Budde, Jörg - 2013
Earlier studies show that contracts under subjective performance evaluation are dichotomous and punish only worst performance. I show that with limited liability payments need not be binary. More importantly, if the agent earns a rent from limited liability, the optimal contract distinguishes...
Persistent link: https://www.econbiz.de/10010334135
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Does It Matter How and How Much Politicians are Paid?
Altindag, Duha T.; Filiz, S. Elif; Tekin, Erdal - 2017
the parliament (MPs) in Turkey who are retired from their pre-political career jobs earn a pension bonus on top of their … MP salaries. The law change in 2012 significantly increased the pension bonus by pegging it to 18 percent of the salary …
Persistent link: https://www.econbiz.de/10011686511
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Investment, rational inattention, and delegation
Lindbeck, Assar; Weibull, Jörgen - 2017
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011917047
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The Effect of Incentives in Non-Routine Analytical Team Tasks - Evidence From a Field Experiment
Englmaier, Florian; Grimm, Stefan; Schindler, David; … - 2018
bonus incentives on the probability of completion of such a task. Bonus incentives increase performance due to the reward …
Persistent link: https://www.econbiz.de/10011932936
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Incentive Effects of Bonus Payments : Evidence from an International Company
Engellandt, Axel; Riphahn, Regina T. - 2004
"surprise" bonus payment. The other is a more structured system, where part of the salary is determined by individual … investigate and confirm the robustness of these findings. They suggest that surprise bonus payments and flexibility in the …
Persistent link: https://www.econbiz.de/10010261984
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You don't always get what you pay for
Schnedler, Wendelin - 2007
rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also …
Persistent link: https://www.econbiz.de/10010268396
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Pay enough, don't pay too much or don't pay at all? The impact of bonus intensity on job satisfaction
Pouliakas, Konstantinos - 2010
association between the intensity of incentive pay, the dynamic change in bonus status and the utility derived from work. After … controlling for individual heterogeneity biases, it is shown that job utility rises only in response to 'generous' bonus payments …, primarily in skilled, non-unionized, private sector jobs. Revoking a bonus from one year to the next is found to have a …
Persistent link: https://www.econbiz.de/10010269686