This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Literature has tried to report whether high compensation differences between executives are linked to better firm performance. This study, based on tournament theory arguments, has attempted to provide new evidences in this line of research, using a sample of 120 Spanish listed firms. Results,...

Management meted out punishment to enforce rules and encourage adherence. However, the effectiveness depended on how the employees perceive and interpret the policy. This study tested the effect of reducing individual lateness in a plastic factory. Field experiment was conducted to test the...

The purpose of this study is call for further academic conversations into how to practice common sense leadership in a 21st century organization. This qualitative study was performed from July 29th through December 7th, 2010, which involved 26 participants from across the United States who were...

The present investigation aims to measure the employment relationship of a team coworkers in a metal working company from the city of Frontera, Coahuila; it is vital to assess the effect of the interaction of the motives of the individual, the incentives that provides the organization and the...

The peculiarity and uniqueness of family businesses set them apart from other businesses in many things. Natural need of man to survive in these harsh circumstances forces him to constantly seek new sources of funding or simply tries to improve the existing. Secure existence is difficult to...

Previous research on high-performance work systems (HPWSs) has primarily analyzed the effects of HPWSs on organizational performance from a management perspective. The current study distinguishes between management and employee perspectives of HPWS and examines how the two perspectives relate to...

The development of information technology has affected the banking business strategy. Internet have been the backbone in the last decade in expanding the banking business, especially in increasing financial transaction services. The term online banking has emerged and became an aspect in banking...