positively, they can help all organisations improve their performance. In this paper we aim to present the main forms of …

We develop a measurement-error framework for assessing the quality of relative-performance metrics designed to filter … out the systematic component of performance, and analyze relative total shareholder return (rTSR)-the predominant metric … market participants use to isolate managers' idiosyncratic performance-chosen by boards to evaluate managers. Among firms …

This paper analyzes the bahavior of a principal with bounded memory who can offer a two-period performance …. Finally we consider a modification leads us to a trade-off between more and less frequent evaluations. -- Performance …

We consider a principal-agent model with moral hazard where the agent's knowledge about the performance measure is … a subset of all informative performance measures. That is, the Informativeness Principle does not hold in our model …

according to Köszegi and Rabin (2006, 2007). The optimal contract is a binary payment scheme even for a rich performance measure …. Moreover, for diminutive occurrence probabilities for all signals the agent is rewarded with the fixed bonus if his performance …