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Self-Sorting, Incentive Compensation, and Human-Capital Assets
Abdel-Khalik, A. Rashad - 2014
literature by showing that relative incentive compensation (incentive pay per dollar of fixed salary) is a viable surrogate for …
Persistent link: https://www.econbiz.de/10014096640
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms … insider econometric evidence on the structure and the incentive effects of fixed base salaries, paid bonuses, and agreed … 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/10009681440
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms … insider econometric evidence on the structure and the incentive effects of fixed base salaries, paid bonuses, and agreed … 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/10009686875
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Base Salaries, Bonus Payments, and Work Absence Among Managers in a German Company
Pfeifer, Christian - 2013
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms … insider econometric evidence on the structure and the incentive effects of fixed base salaries, paid bonuses, and agreed … 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/10013089005
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Middle managers, personnel turnover and performance: a long-term field experiment in a retail chain
Friebel, Guido; Heinz, Matthias; Zubanov, Nick - 2020
In an RCT, a large retail chain’s CEO sets new goals for the managers of the treated stores by asking them “to do what they can” to reduce the employee quit rate. The treatment decreases the quit rate by a fifth to a quarter, lasting nine months before petering out, but reappearing after a...
Persistent link: https://www.econbiz.de/10012310868
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Incentives from Stock Option Grants : A Behavioral Approach
Bahaji, Hamza - 2012
This paper examines the incentives from stock options for loss-averse employees subject to probability weighting. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous time model to value options from the perspective of a...
Persistent link: https://www.econbiz.de/10013115361
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Managerial Risk-Taking Incentives and Merger Decisions
Lin, Chen - 2017
We provide evidence concerning the effect of managerial risk-taking incentives on merger and acquisition (M&A) decisions and outcomes for different types of mergers: vertical, horizontal, and diversifying. Using chief executive officer (CEO) relative inside leverage to proxy for the incentives...
Persistent link: https://www.econbiz.de/10012974548
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Do Risk-Taking Incentives Induce CEOs to Invest? Evidence from Acquisitions
Croci, Ettore - 2015
This paper examines the effect of risk-taking incentives on acquisition investments. We find that CEOs with risk-taking incentives are more likely to invest in acquisitions. Economically, an inter-quartile range increase in vega translates into an approximately 4.22% enhancement in acquisition...
Persistent link: https://www.econbiz.de/10013035571
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Incentive Compensation and Incentive Regulation : Empirical Evidence
Cambini, Carlo - 2014
firms as well as the impact of different regulatory schemes -- incentive vs. cost-based regulation -- on CEO monetary … schemes, our results show that pay-performance sensitivity is significantly higher for firms under incentive regulation than …
Persistent link: https://www.econbiz.de/10013061911
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A Simple Model of Managerial Incentives and Portfolio-Investment Decision
Deng, Binbin - 2017
What is the optimal portfolio allocation when an agent is investing both for a firm and for himself? I address this question by solving a manager's decision problem under a specific executive compensation structure. Specifically, I study how flat wage and stock compensation affect the manager's...
Persistent link: https://www.econbiz.de/10012947744