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the use of individual and group incentives boost intensity, whereas plant or firm pay for performance do not seem to …
Persistent link: https://www.econbiz.de/10011308461
Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous salaries of CEOs with hopes of boosting their companies' fortunes. Guided by largely unproven assumptions, this trend continues today. So what are companies getting in return...
Persistent link: https://www.econbiz.de/10013050084
In the current scenario of increasing social inequality, the debate over the compensation received by directors and executives of large listed companies, and its justification, has intensified. Drawing on Agency Theory and Human Capital Theory, a multilevel analytical technique is used in this...
Persistent link: https://www.econbiz.de/10012176202
are sufficiently transferable. A diffusion of best monitoring practices increases competition for CEOs and raises CEO pay … in all firms, including those with unchanged monitoring ability …
Persistent link: https://www.econbiz.de/10012975704
comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational … effect on average performance for students, but not for that of workers. Adding financial incentives based on rank provided …
Persistent link: https://www.econbiz.de/10011407820
Persistent link: https://www.econbiz.de/10011722094
This paper discusses some issues of compensation policy in business and academia from the perspectives of incentive theory, other theories, and empirical research. The main conclusion is that mechanical rules for performance-related pay are likely to be inferior to more subjective performance...
Persistent link: https://www.econbiz.de/10003843317
incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real …-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives …, suggesting that non-monetary incentives are contributing to their effort choices. Moreover, increasing monetary incentives does …
Persistent link: https://www.econbiz.de/10012901088
This paper examines how changes in CEO risk-taking incentives are associated with changes in the use of relative … that risk-taking incentives and option grants declined following FAS 123R using a within-firm design, but not a within …-CEO-firm design. Decreased risk-taking incentives lead executives to invest in projects with lower systematic risk and can result in …
Persistent link: https://www.econbiz.de/10012940307
comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational … effect on average performance for students, but not for that of workers. Adding financial incentives based on rank provided …
Persistent link: https://www.econbiz.de/10013009501