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That people respond to incentives is a common belief. This became even stronger during the course of the financial … question if and how incentives work evaluated by their impact on company performance, i.e. on market capitalization and profit … Germany), it can be proved that neither short nor long term incentives plans necessarily support the company success. It …
Persistent link: https://www.econbiz.de/10013091262
all cases, explicit, non-discretionary ESG incentives are economically insignificant relative to executives’ incentives to … companies, explicit, non-discretionary ESG incentives were incorporated only in annual bonus plans. One sample company – Duke …. While this approach could be seen as a roadmap for those seeking meaningful ESG-based pay incentives, this Article concludes …
Persistent link: https://www.econbiz.de/10013305552
This paper studies how firms can efficiently incentivize supervisors to truthfully report employee performance. To this end, I develop a dynamic principal-supervisor-agent model. The supervisor is either selfish or altruistic towards the agent, which is observable to the agent but not to the...
Persistent link: https://www.econbiz.de/10010226565
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011337995
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014493793
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014552994
In management, incentives are a reward to motivate people and create favorable conditions directed to achieve specific … incentives to suggest management implications directed to support motivation and performance of employees in public organizations …
Persistent link: https://www.econbiz.de/10012889086
workers' environments and incentive pay. The authors employ Prendergast's (2002) theory that incorporates the delegation of … risk and incentives. Using data from the 1998 Workplace Employment Relations Survey (WERS) representing a cross-section of …
Persistent link: https://www.econbiz.de/10013137206
choose between (low-powered) team incentives and (high-powered) individual incentives. We observe that subjects exhibiting … high trust or reciprocity in the trust game are more likely to choose team incentives. When exposed to individual … incentives, workers who chose team incentives perform worse if both the unobservable interdependency between workers and their …
Persistent link: https://www.econbiz.de/10013139790
This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards …
Persistent link: https://www.econbiz.de/10013119061