Showing 1 - 10 of 2,877
Persistent link: https://www.econbiz.de/10009681963
Persistent link: https://www.econbiz.de/10003066682
We construct a new index of CEO general managerial skill using the industry composition of the CEO compensation peer group and use it to examine the relation between CEO general skill and CEO pay. Our index has the advantage of capturing the board's perception of CEO general skill and is less...
Persistent link: https://www.econbiz.de/10012901239
Any firm choosing a CEO faces a double problem: candidate selection and choice of a compensation scheme. We derive sufficient conditions where the unique optimal compensation scheme is a capped-bonus contract in a pure moral-hazard environment, while equity is used when the firm also faces...
Persistent link: https://www.econbiz.de/10013094697
Persistent link: https://www.econbiz.de/10003725924
Persistent link: https://www.econbiz.de/10010236082
This paper investigates the effects of managerial incentives on favoritism in promotion decisions. First, we theoretically show that favoritism leads to a lower quality of promotion decisions and in turn lower efforts. But the effect can be mitigated by pay-for-performance incentives for...
Persistent link: https://www.econbiz.de/10009232290
Persistent link: https://www.econbiz.de/10011846876
advanced management practices. Many of these practices - including monitoring, goal setting, and the use of incentives - are … unique data set that combines detailed survey data on the management practices of German manufacturing establishments with … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and …
Persistent link: https://www.econbiz.de/10011531736
Persistent link: https://www.econbiz.de/10011457172