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Is Seniority-Based Pay Used as a Motivation Device? Evidence from Plant Level Data
Bayo Moriones, José Alberto; Galdon-Sanchez, Jose E.; … - 2021
the provision of incentives. Unlike previous papers, we use a direct measure of seniority-based pay as well as measures of … incentives. They are also less likely to invest in monitoring devices. We also find that firms that offer seniority-based pay are …
Persistent link: https://www.econbiz.de/10013319025
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Does group-based incentive pay lead to higher productivity? : evidence from a complex and interdependent industrial production process
Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; … - 2022
Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance...
Persistent link: https://www.econbiz.de/10012804137
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Time-Varying Loss Aversion of Mutual Fund Managers as a Response to Incentives
Liu, Liyuan; Pantelous, Athanasios A.; Xie, Yuxin; Zheng, Lu - 2022
Using detailed mutual fund holdings in the US market, we estimate active mutual fund managers’ loss aversion as a function of both funds’ past performance and asset allocations. We document a substantial variation in loss aversion over time. We further find managers' loss aversion is higher...
Persistent link: https://www.econbiz.de/10014245005
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Credit Default Swaps, Agency Problems, and Management Incentives
Lee, Jongsub - 2018
can use compensation awards that increase managerial performance incentives (delta) and risk-taking incentives (vega) in …
Persistent link: https://www.econbiz.de/10012932017
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Profit Sharing and Employment Stability
Bellmann, Lutz - 2010
We investigate the effect of profit sharing on establishments' hirings, layoffs, and quits. Our principal argument is that profit sharing increases wage flexibility and also aligns wages with a changing marginal revenue product. Because employment stability makes their human capital investment...
Persistent link: https://www.econbiz.de/10013147528
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Performance pay and prior learning : evidence from a retail chain
Manthei, Kathrin; Sliwka, Dirk; Vogelsang, Timothy J. - 2018
We run two field experiments within a large retail chain showing that the effectiveness of performance pay crucially hinges on prior job experience. Introducing sales-based performance pay for district- and later for store-managers, we find negligible average treatment effects. Based on surveys...
Persistent link: https://www.econbiz.de/10011916585
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Incentives in HMOs
Gaynor, Martin (contributor); Rebitzer, James B. (contributor) - 2001
We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used "quality" measures may stimulate an improvement in measured …
Persistent link: https://www.econbiz.de/10003206746
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Managerial Equity Holdings and Income Smoothing Incentives
Shu, Sydney Qing - 2017
Our study explores how managerial stock holdings and option holdings affect CEOs' income smoothing incentives. Given … provide evidence that income smoothing can be informative or opportunistic, depending on the incentives of CEOs …
Persistent link: https://www.econbiz.de/10012971185
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Incentives in Hmos
Gaynor, Martin; Rebitzer, James B.; Taylor, Lowell J. - 2021
We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used quality measures may stimulate an improvement in measured …
Persistent link: https://www.econbiz.de/10013233219
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Incentives in HMOs
Gaynor, Martin - 2001
We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used quality measures may stimulate an improvement in measured …
Persistent link: https://www.econbiz.de/10012470196