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Aggregating Performance Measures in Multitask Principal-Agent Relationships
Thiele, Veikko - 2010
It has been argued in the multitask agency literature that effort distortion can be mitigated by applying several …
Persistent link: https://www.econbiz.de/10012716711
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Differences in social preferences : are they profitable for the firm?
Küpper, Hans-Ulrich; Sandner, Kai - 2008
This paper analyzes the impact of heterogeneous (social) preferences on the weighting and combination of performance measures as well as on a firm's profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum of possible preferences and show that the principal...
Persistent link: https://www.econbiz.de/10010442170
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Balancing performance measures when agents behave competitively in an environment with technological interdependencies
Sandner, Kai - 2008
This paper addresses the question, what metrics should be used for performance evaluation and in particular how they should be weighted and combined in the presence of technological interdependencies when the agents exhibit variedly strong developed rivalry. We find that the principal reacts to...
Persistent link: https://www.econbiz.de/10010442171
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Private Information and Performance Measurement Bias with Multiple Agents
Rothenberg, Naomi - 2015
observing the supervisor's effort, reducing the supervisor's incentives to shirk. Thus, joint performance evaluation can be … incentives are paramount. Further, with a less accurate performance measure, the principal's preference for a supervisor …
Persistent link: https://www.econbiz.de/10013036616
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Performance measure congruity in linear agency models with interactive tasks
Budde, Jörg - 2006 - revised version, November 2006
This note demonstrates how performance measure congruity and noise determine an agency's total surplus within an linear agency framework with multiple tasks. It provides a decomposition of agency costs, leading back to a congruity index previously proposed in the literature. In addition, it...
Persistent link: https://www.econbiz.de/10010383032
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Multitasking and the benefits of objective performance measurement : evidence from a field experiment ; conference paper
Manthei, Kathrin; Sliwka, Dirk - 2013 - Preliminary version
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...
Persistent link: https://www.econbiz.de/10010338944
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On the sorting of physicians across medical occupations
Courty, Pascal; Marschke, Gerald - 2008
less exposed to moral hazard risk, face more powerful performance incentives, and are more productive. Under-consumption of …
Persistent link: https://www.econbiz.de/10010269167
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Providing Learning Incentives and the Use of a Multi-Purpose Performance Measure
Mazda, Yasuhiro - 2014
This paper analyses the role of leading indicators that provide a firm manager with learning incentives of firm …
Persistent link: https://www.econbiz.de/10014146457
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Biased supervision
Delfgaauw, Josse; Souverijn, Michiel - 2014
can combine incongruent performance measures with biased supervision, the distortion in the agent's efforts is mitigated …
Persistent link: https://www.econbiz.de/10010395075
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The degradation of distorted performance measures
Sloof, Randolph; Praag, Mirjam van - 2008
hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …
Persistent link: https://www.econbiz.de/10011376645