Cover -- A. Einführung -- I. Problemstellungen -- II. Gang der Untersuchung -- B. Funktionen der variablen Vergütung -- I. Fixe und variable Vergütung -- 1. Fixe Vergütung -- 2. Variable Vergütung -- II. Funktionen -- 1. Anreiz- und Steuerungswirkung -- a) Prinzipal-Agenten-Konflikt -- aa)...

In order to understand highly-skilled flexible workers' job satisfaction, we take their track records into consideration, integrating several employment contracts. We conceptualize our research interest within the framework of the psychological contract to explore individual rationalities in...

We examine the benefits of objective performance measurement in a field experiment conducted in a retail bank. At the outset objective performance measures of pro fits in each branch were only available on the branch level and managers allocated bonuses to their employees based on subjective...

We study the incentive effects of grating supervisors access to objective performance information when agents work on multiple tasks. We first analyze a formal model showing that incentives are lower powered when supervisors have no access to objective measures but assess performance...

Der Aufsatz gibt zunächst einen kurzen Überblick über die Entwicklung des Marktes für Wagniskapital in den USA und in Deutschland. Dann wird gezeigt, mit welchen besonderen Anreiz- und Vertragsproblemen die Finanzierung von Innovationen zu kämpfen hat und welche neuen Instrumente von der...

This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...

Dimension reduction techniques for functional data analysis model and approximate smooth random functions by lower dimensional objects. In many applications the focus of interest lies not only in dimension reduction but also in the dynamic behaviour of the lower dimensional objects. The most...