Gehrig, Thomas; Lütje, Torben; Menkhoff, Lukas - In: CESifo economic studies : CESifo, a joint initiative of … 55 (2009) 3/4, pp. 569-594
This questionnaire survey of fund managers in USA, Germany, and Switzerland documents a distinctly positive influence of bonus payments on investment behavior on both sides of the Atlantic. Higher bonus payments are significantly related to higher working effort but not to risk-taking. They also...
