Showing 1 - 10 of 33
The paper investigates the effect of four differently framed payment contracts on the agent's effort provision and performance in a real effort experiment. The four incentive payments are framed as a base wage and bonuses (one immediately pays bonuses, the other only after an initial...
Persistent link: https://www.econbiz.de/10011201861
We provide a hidden-action principal-agent model where the agent has referencedependent preferences. The loss-averse agent considers the base wage as reference point, and bonuses and/or penalties as gains and losses, respectively. When choosing optimal payments, the principal strategically sets...
Persistent link: https://www.econbiz.de/10011204469
Nonprofit organizations are traditionally assumed to dislike commercial activities. In the USA, they are however allowed to engage in commercial activities, but the income they derive from these activities is then subject to the so-called 'unrelated business income tax'. If NPOs do indeed...
Persistent link: https://www.econbiz.de/10005282413
Corporate groups are found all around the world but their scopes, goals and effects might be very divergent. In this paper, we overview the existing international literature on corporate groups, and furthermore we pay special attention to European and Belgian corporate groups, where the presence...
Persistent link: https://www.econbiz.de/10008684317
Persistent link: https://www.econbiz.de/10005516424
For the first time, the determinants of a country’s success at the Paralympic Games are studied, using data from four editions, starting in 1996. By means of a tobit panel, the authors find that gross domestic product (GDP) per capita, population, having many participants per million...
Persistent link: https://www.econbiz.de/10011139144
Nonprofit organizations (NPOs) are increasingly required to become (more) effective. This review summarizes and integrates the results of studies focusing on NPOs’ governance effectiveness. It proposes an extension of stakeholder theory to NPOs concerning governance involving diverse...
Persistent link: https://www.econbiz.de/10010786641
Persistent link: https://www.econbiz.de/10010866124
This paper empirically investigates the impact of fixed asset subsidies to firms on market shares. By means of a tobit regression on a sample of over 13 000 Belgian firms we find a significant and positive joint influence of all fixed asset subsidies on market shares, acknowledging that this is...
Persistent link: https://www.econbiz.de/10010988947
In a recent issue of this journal, Basu (2013, Metroeconomica, 64 (2), pp. 293–318) presented some conditions under which replacement cost-based profit rates and historical cost-based profit rates evolve similarly, making, under these conditions, the choice between them irrelevant when...
Persistent link: https://www.econbiz.de/10010946165