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increase as managers approach retirement. Earnings persistence is negatively associated to earnings-based incentive rates but …
Persistent link: https://www.econbiz.de/10014038792
In teamwork settings, providing effective leadership can be challenging for team leaders due to multitasking and the …, which can ultimately impede the productivity of the team. To address this problem, we conduct a field experiment at a … manufacturing firm, introducing a relative subjective performance evaluation of team leaders' leadership activities by their …
Persistent link: https://www.econbiz.de/10014278019
Prior research suggests that providing managers with discretion over team bonus allocation can improve team performance … granting managers discretion over team compensation is likely to vary … because it enhances the relation between team members’ contributions to team output and their rewards. This study investigates …
Persistent link: https://www.econbiz.de/10014036992
This study examines the explicit use of relative performance evaluation (RPE) in executive compensation contracts and the selection of RPE peers. Using S&P 1500 firms' first proxy disclosures under the SEC's 2006 executive compensation disclosure rules, we find that about 25 percent of our...
Persistent link: https://www.econbiz.de/10013136412
This study examines the explicit use of relative performance evaluation (RPE) in executive compensation contracts and the selection of RPE peers. Using S&P 1500 firms' first proxy disclosures under the SEC's 2006 executive compensation disclosure rules, we find that 25.44 percent of our sample...
Persistent link: https://www.econbiz.de/10013142627
We study a relational contracting model with two agents where each agent faces multiple tasks: effort toward the agent's own project and helping effort toward another agent's project. We first propose the two-step approach, which is useful for characterizing the equilibrium of relational...
Persistent link: https://www.econbiz.de/10013007681
observed individual signals should be aggregated to a commonly observed team signal …
Persistent link: https://www.econbiz.de/10012863568
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
. With group measures, only team success is rewarded, but cooperation is more costly in the higher productive states when the … measures, the principal can replicate the group performance measure or induce competition, and in both cases prefers no …
Persistent link: https://www.econbiz.de/10014192463
. The results favor the team perspective under which unilateral shirking is assumed infeasible for managers. The analysis … compensation in S&P 1500 firms, which distinguish between a team perspective and an individual perspective. This approach assesses …-based measures of agency costs. The risk premium can explain up to 37% of total compensation for higher-paid managers in large firms …
Persistent link: https://www.econbiz.de/10012904639