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Determinants of buyouts in private equity firms
Nordström, Louise - 2010
Private equity companies have become a major force in the economic landscape. Financial- and operational-engineering are innovative characteristics of this emerging method of finance. The existing empirical data provide strong evidence that private equity activity contribute positively to the...
Persistent link: https://www.econbiz.de/10011332744
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Prevalence and Determinants of Choice Bracketing - Experimental Evidence
Stracke, Rudi; Kerschbamer, Rudolf; Sunde, Uwe - 2015
This paper investigates whether the timing of rewards affects behavior in multi-stage contests. Abstracting from discounting, theory predicts that it is irrelevant for behavior whether agents are immediately rewarded for succeeding on a particular stage, or whether the reward is delayed until...
Persistent link: https://www.econbiz.de/10011301688
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Fiscal treatment of managerial compensation - a welfare analysis
Hilmer, Michael - 2013
We analyze the consequences of bonus taxes, limited deductibility of bonuses from company pro ts and a corporate income tax (CIT) in a principal-agent model and explore how these tax instruments a ffect managerial incentives and how they change the design of incentive contracts used in...
Persistent link: https://www.econbiz.de/10010329245
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Strive to be first and avoid being last: An experiment on relative performance incentives
Lindner, Florian; Dutcher, E. Glenn; Balafoutas, Loukas; … - 2013
Managers often use tournament incentive schemes which motivate workers to compete for the top, compete to avoid the bottom, or both. In this paper we test the effectiveness and efficiency of these incentive schemes. To do so, we utilize optimal contracts in a principal-agent setting, using a...
Persistent link: https://www.econbiz.de/10010329408
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Incentive Design and Mis-Allocated Effort
Schnedler, Wendelin - 2013
Incentives often distort behavior: they induce agents to exert effort but this effort is not employed optimally. This paper proposes a theory of incentive design allowing for such distorted behavior. At the heart of the theory is a trade-off between getting the agent to exert effort and ensuring...
Persistent link: https://www.econbiz.de/10010329567
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Paying Gig Workers
Butschek, Sebastian; Kampkötter, Patrick; Sliwka, Dirk - 2017
We study the compensation of gig workers in a natural field experiment. To derive testable predictions, this paper presents a formal model capturing a central feature of online freelance work: gig work- ers' ability to choose both how much to work and how big an effort to make. We analyse the...
Persistent link: https://www.econbiz.de/10011712662
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Quantity, Quality and Originality: The Effects of Incentives on Creativity
Laske, Katharina; Schröder, Marina - 2017
effect of incentives on performance in the separate dimensions of creativity, we find that incentives significantly affect … direct and negative spillover effects on performance in these dimensions and that organizations, therefore, face tradeoffs … when introducing incentives for creative performance. When investigating the effect of incentives on a combined measure of …
Persistent link: https://www.econbiz.de/10011712664
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The Effect of Incentives in Non-Routine Analytical Team Tasks – Evidence from a Field Experiment
Englmaier, Florian; Grimm, Stefan; Schindler, David; … - 2018
influence performance in these tasks. In a field experiment with more than 3000 participants, we document a positive effect of … bonus incentives on the probability of completion of such a task. Bonus incentives increase performance due to the reward … rather than the reference point (performance threshold) they provide. The framing of bonuses (as gains or losses) plays a …
Persistent link: https://www.econbiz.de/10011712799
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Motivation and Incentives in an Online Labor Market
Fest, Sebastian; Kvaloy, Ola; Nieken, Petra; … - 2020
effects of performance pay and simple upfront messages (praise or reference points) on performance. The second experiment … concentrates on the effects of communication techniques used by charismatic leaders. Performance pay increases output significantly …
Persistent link: https://www.econbiz.de/10012287874
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The Heterogeneous Effects of Bonus Pay on Performance Outcomes: Evidence from Personnel Data
Sauermann, Jan - 2014
This study uses rich information on performance outcomes to estimate the effect of bonus pay on worker productivity. We … monetary bonuses upon achieving pre-defined performance thresholds. The results show that the bonus is associated with an … increase of a third of a standard deviation in the underlying performance outcome. This effect is mostly driven by low …
Persistent link: https://www.econbiz.de/10010396735