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effort from workers. I predict and find that uncertainty in workers' effort-performance relationship moderates the effect of … horizon on effort. Horizon and uncertainty affect expectancy (probability of standard attainment) which in turn determines … low uncertainty decreased effort as horizon increased. However, those facing high uncertainty increased effort as horizon …
Persistent link: https://www.econbiz.de/10012854791
environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature …
Persistent link: https://www.econbiz.de/10010365868
We study the performance effects of payment schemes for freelancers offering services on an online platform in an RCT. Under the initial scheme, the firm pays workers a pure sales commission. The intervention reduces the commission rate and adds a fixed payment per processed order to insure...
Persistent link: https://www.econbiz.de/10012121553
We study the performance effects of payment schemes for freelancers offering services on an online platform in an RCT. Under the initial scheme, the firm pays workers a pure sales commission. The intervention reduces the commission rate and adds a fixed payment per processed order to insure...
Persistent link: https://www.econbiz.de/10012137977
environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature …
Persistent link: https://www.econbiz.de/10003292054
of idiosyncratic uncertainty than systematic uncertainty, and, thus, favor the former …
Persistent link: https://www.econbiz.de/10012986793
The application of the classical "linear" model of incentive pay to the case when the noise is multiplicative to effort generates two predictions for a given strength of incentives: 1) more risk-averse workers will put in less effort, and 2) setting a performance target will weaken the negative...
Persistent link: https://www.econbiz.de/10014041190
Since 2009, the European Commission requires firms to incorporate an array of new elements into CEO compensation contracts, such as bonus caps, claw back provisions, bonus deferral, performance-vesting, and minimum shareholding guidelines. This paper examines whether CEO contract design in line...
Persistent link: https://www.econbiz.de/10013012322
This paper studies how auditors' risk aversion shapes the audit market and how it interacts with legal liability. The main pillar of the analysis is that the relation between risk aversion and the supplied audit quality is generally non-monotone. Because futile audit costs augment the severity...
Persistent link: https://www.econbiz.de/10012910267
Important audit judgments concerning client selection, audit program planning and risk assessment all may be impacted by the approach taken to assess risk and to interpret audit evidence. This experimental study examines whether auditors' risk assessments are influenced by the risk assessment...
Persistent link: https://www.econbiz.de/10013133323