We investigate the role of Relative Performance Evaluation (RPE) theory in CEO pay and turnover using a product … affecting the firm and its peers) while evaluating CEO performance and that the extent of filtering increases with the number of …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … expectancy theory; noisier performance measures do not lower work motivation. …

We develop a measurement-error framework for assessing the quality of relative-performance metrics designed to filter … out the systematic component of performance, and analyze relative total shareholder return (rTSR)-the predominant metric … market participants use to isolate managers' idiosyncratic performance-chosen by boards to evaluate managers. Among firms …

We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and …-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms … performance. …

We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and …-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms … performance. …

with these numbers is that they are static and do not reflect how pay changes with performance. Activist fund ValueAct … relation between pay and performance?• Are large “minimum” payments indicative of managerial abuse?• What insights does this …

adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between … firm and industry performance is lower. The opposite is true for firms that adopt absolute performance evaluation (APE …) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …

Performance measurement and evaluation systems are among the most common management instruments. An integral element of … this paper, we investigate the relationship between performance management and evaluation systems and individual effort … results show positive and statistically significant relationships between the presence of a performance management and …

scope has a negative impact on performance on average. However, we find that firms whose expansion keeps them closer to the …

We introduce a new two-dimensional measure for the heterogeneity of performance within groups of economic units. This … measure accounts both, for the relative performance of the single units of groups and their relative size. We demonstrate that …