Showing 1 - 10 of 57,644
uncertainty, mathematically represented as uncertainty in the marginal product of inputs. In a stylized principal-agent model, I … show how production uncertainty can make output-based incentives ineffective or even detrimental to employee productivity … question type as production uncertainty grows for that type …
Persistent link: https://www.econbiz.de/10014077097
moderated when firm-level uncertainty is high, consistent with performance being attributed more to luck rather than skill and … effort, which can create incentives to shift earnings toward lower-uncertainty periods. We show that the resulting … opportunistic earnings management more challenging. Our evidence highlights a novel channel through which uncertainty affects …
Persistent link: https://www.econbiz.de/10012997009
Traditionally, researchers have had difficulty testing the relationship between the degree of risk or uncertainty in …
Persistent link: https://www.econbiz.de/10013137206
We use the NBER Shared Capitalism Database comprised of more than 40,000 employee surveys from 14 firms to explore whether a close match between workers' risk preferences and the riskiness of their compensation packages relates to improved employee outcomes including lower absenteeism, lower...
Persistent link: https://www.econbiz.de/10013109193
Persistent link: https://www.econbiz.de/10013086247
How do we prevent financial institutions from taking excessive risk when the public fisc serves as their ultimate creditor? This is one of the central questions left over after the recent financial crisis and, for the past five years, there has been no shortage of proposed answers. Two of the...
Persistent link: https://www.econbiz.de/10013061299
The purpose of this research is to investigate factors that contribute to technology firms paying higher compensation than non-technology firms, and why the mix of compensation at technology firms is different than the compensation packages at non-technology firms. Using a sample of 1,009...
Persistent link: https://www.econbiz.de/10013063920
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
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
While prior studies generally support that equity-based compensation induces CEOs to manipulate financial reporting, there is little direct empirical evidence on how concerns regarding financial misreporting affect compensation design. Exploiting the exogenous reduction in litigation threat...
Persistent link: https://www.econbiz.de/10012929894