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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010294492
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Incentive Effects of Bonus Payments : Evidence from an International Company
Engellandt, Axel; Riphahn, Regina T. - 2004
"surprise" bonus payment. The other is a more structured system, where part of the salary is determined by individual … investigate and confirm the robustness of these findings. They suggest that surprise bonus payments and flexibility in the …
Persistent link: https://www.econbiz.de/10010261984
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Base salaries, bonus payments, and work absence among managers in a German company
Pfeifer, Christian - 2012
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010291414
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Peer-level analyst transitions
Hope, Ole-Kristian; Su, Xijiang - 2021
This study examines the effect of peer-level analyst transitions (i.e., switching between brokerage houses) on associated regular incumbent analysts’ forecasting performance. We employ a difference-in-differences research design with analyst fixed effects and compare incumbent analysts of...
Persistent link: https://www.econbiz.de/10012886264
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Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like Economic Value Added
Sloof, Randolph; van Praag, Mirjam - 2014
Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical test developed by Courty and Marschke (2008) to detect whether the widely used class of Residual Income based...
Persistent link: https://www.econbiz.de/10010377217
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Testing for distortions in performance measures : an application to residual income based measures like economic value added
Sloof, Randolph; Praag, Mirjam van - 2014
Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical test developed by Courty and Marschke (2008) to detect whether the widely used class of Residual Income based...
Persistent link: https://www.econbiz.de/10010350010
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Does financial misconduct affect the future compensation of alumni managers?
Groysberg, Boris; Lin, Eric; Serafeim, George - 2017
We explore how an organization's financial misconduct may affect pay for former employees not implicated in wrongdoing. Drawing on stigma theory we hypothesize that although such alumni did not participate in the financial misconduct and they had left the organization years before the...
Persistent link: https://www.econbiz.de/10011928843
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Internal versus external earnings per share goals and CEO incentives
Armstrong, Christopher; Chau, Jacky; Ittner, Christopher D. - 2017
We examine differences in CEO achievement of EPS goals set separately through analyst forecasts and firm bonus plans …. We find CEOs frequently achieve analyst forecasts, but rarely achieve bonus goals exceeding the forecast. Despite lower … compensation risk accompanying easier goals, we also find that bonus goals set below forecasts are associated with greater pay …
Persistent link: https://www.econbiz.de/10011800636
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Managerial rationality in global governance : driving legal behaviour through indicators
Restrepo Amariles, David - 2021
, including state law. In this context, legitimacy and reactivity are contingent to their cycle of production and implementation … of legitimacy become entrenched in institutional practices and legal decision-making processes. The article concludes …
Persistent link: https://www.econbiz.de/10012502017
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Regional patterns of intangible capital, agglomeration effects and localised spillovers in Germany
Geppert, Kurt; Neumann, Anne - 2011
We use a large micro-dataset to assess the importance of intangible capital - organisation, R&D and ICT capital - for the economic performance of establishments and regions in Germany. In 2003 self-produced intangible capital accounted for more than one fifth of the total capital stock of...
Persistent link: https://www.econbiz.de/10010286307