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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10010294492
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German …
Persistent link: https://www.econbiz.de/10010291414
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Age differences in the reaction to incentives – do older people avoid competition?
Sproten, Alec N.; Schwieren, Christiane - 2012
the effects of different incentive schemes (competition, social or increased monetary incentives) on performance of young … competitiveness found in the literature, we do not find a significant age difference in competitiveness. Social incentives have an at … least as strong or even stronger effect on performance than increased monetary incentives. This effect is driven by men …
Persistent link: https://www.econbiz.de/10011422229
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Determinants and Consequences of Executive Compensation
Fabrizi, Michele - 2021
compensation incentives are linked to risk-taking behaviors. Subsequently, the compensation structure of non-CEO executives is … empirically investigates to which extent CEO's incentives - specifically equity and risk-taking incentives - model the trade … how executive incentives translate into actions and strategies. …
Persistent link: https://www.econbiz.de/10014322667
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Are CEOs in family firms paid like bureaucrats?: evidence from Bayesian and frequentist analyses
Block, Jörn Hendrich - 2008
The relationship between CEO pay and performance has been much analyzed in the management and economics literature. This study analyzes the structure of executive compensation in family and non-family firms. In line with predictions of agency theory, it is found that the share of base salary is...
Persistent link: https://www.econbiz.de/10010263730
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How to Avoid Compensating CEO for Luck: The Case of Microeconomic Fluctuations
Oxelheim, Lars; Wihlborg, Clas; Zhang, Jianhua - 2010
Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic influences on remuneration. These influences can be seen as reflecting luck from the CEO's perspective. In this chapter we present a model for how to avoid compensating CEO for...
Persistent link: https://www.econbiz.de/10010320333
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Managerial payoff and gift exchange in the field
Englmaier, Florian; Leider, Stephen G. - 2012
We conduct a field experiment where we vary both the presence of a gift exchange wage and the effect of the worker's effort on the manager's payoff. The results indicate a strong complementarity between the initial wage gift and the agent's ability to repay the gift. We collect information on...
Persistent link: https://www.econbiz.de/10010280811
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Intrafirm conflicts and interfirm price competition
Güth, Werner; Pull, Kerstin; Stadler, Manfred - 2011
tournament incentive scheme. The principals offer premium incentives in the sense of revenue shares to which agents react by …
Persistent link: https://www.econbiz.de/10010281682
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You Don't Always Get What You Pay For
Schnedler, Wendelin - 2007
Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...
Persistent link: https://www.econbiz.de/10011422168
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Bonus payments and fund managers' behavior: Trans-Atlantic evidence
Gehrig, Thomas P.; Lütje, Torben; Menkhoff, Lukas - 2008
This questionnaire survey of fund managers in the United States, Germany and Switzerland documents a distinctly … significantly related to higher working effort but not to risk taking. They also seem to induce fund managers to rely more on … fundamental information. Findings within regions are confirmed by Trans-Atlantic evidence as US fund managers receive larger …
Persistent link: https://www.econbiz.de/10010275801