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Pay of political directors in China
Wang, Xiaoming; Xu, Tingting - In: Pacific-Basin finance journal 74 (2022), pp. 1-15
Persistent link: https://www.econbiz.de/10013389293
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Ingratiation and favoritism : experimental evidence
Robin, Stéphane; Rusinowska, Agnieszka; Villeval, … - 2012
held by the manager. In the Random treatment, workers can also change opinion but payoffs are assigned randomly, which …
Persistent link: https://www.econbiz.de/10009537226
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Merit Pay and Pain : Linking Congressional Pay to Performance
McPike, Jonathan David - 2011
Despite the Founding Fathers' careful planning, the reason for the public's lack of confidence in Congress is that elections, like the institutional checks and balances of federalism and separation of powers, are necessary but not sufficient to ensure that Congress acts in the best interests of...
Persistent link: https://www.econbiz.de/10013132927
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When high-powered incentive contracts reduce performance : choking under pressure as a screening device
Bannier, Christina E.; Feess, Eberhard - 2010
Empirical and experimental papers find that high-powered incentives may reduce performance rather than improve it; a phenomenon referred to as "choking under pressure". We show that competition for high ability workers nevertheless leads firms to offer high bonus payments, thereby deliberately...
Persistent link: https://www.econbiz.de/10003939534
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Stock market tournaments
Ozdenoren, Emre; Yuan, Kathy - 2012
continuum of firms. Each firm's manager exerts costly hidden effort. The productivity of effort is subject to systematic shocks …
Persistent link: https://www.econbiz.de/10009577025
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Stock-based compensation plans and employee incentives
Zábojník, Ján - 2014
Standard principal-agent theory predicts that large firms should not use employee stock options and other stock-based compensation to provide incentives to non-executive employees. Yet, business practitioners appear to believe that stock-based compensation improves incentives, and mounting...
Persistent link: https://www.econbiz.de/10010362951
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Preaching water but drinking wine? : relative performance evaluation in international banking
Ilić, Dragan; Pisarov, Sonja; Schmidt, Peter S. - 2016 - Revised version
Relative performance evaluation (RPE) is, at least on paper, enjoying widespread popularity in determining the level of executive compensation. Yet existing empirical evidence of RPE is decidedly mixed. Two principal explanations are held responsible for this discord. A constructional challenge...
Persistent link: https://www.econbiz.de/10011526823
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Dynamic contracting with long-term consequences : optimal CEO compensation and turnover
Vasama, Suvi - 2016
serially correlated over time. The model captures a learning-by-doing feature: higher effort by the manager increases the … quality of the match between the firm and the manager in the future. The optimal incentive scheme entails an inefficiently … turnover policy reaches efficiency; the manager is never retained if it is inefficient to do so. The manager’s compensation …
Persistent link: https://www.econbiz.de/10011550469
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Preaching water but drinking wine? : relative performance evaluation in international banking
Ilić, Dragan; Pisarov, Sonja; Schmidt, Peter S. - 2015
Relative performance evaluation (RPE) is, at least on paper, enjoying widespread popularity in determining the level of executive compensation. Yet existing empirical evidence of RPE is decidedly mixed. Two principal explanations are held responsible for this discord. A constructional challenge...
Persistent link: https://www.econbiz.de/10011384066
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Executive Compensation : A Survey of Theory and Evidence
Edmans, Alex - 2017
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012953533