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The, often observed, positive correlation between incentive intensity and risk has been explained in two ways: the presence of transaction costs as determinants of contracts and the sorting of risk-tolerant individuals into firms using high-intensity incentive contracts. The empirical importance...
Persistent link: https://www.econbiz.de/10012779651
stimulate effort. Through a real-effort artefactual field experiment with factory workers and university students as a … comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational …
Persistent link: https://www.econbiz.de/10011407820
stimulate effort. Through a real-effort artefactual field experiment with factory workers and university students as a … comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational …
Persistent link: https://www.econbiz.de/10013009501
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … non-routine task and identify the importance of these behavioral aspects. In a natural field experiment (n>1 …,700 participants), we vary the salience of team identity, social-image concerns, and whether teams face monetary incentives. Increased …
Persistent link: https://www.econbiz.de/10012597694
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but …-routine task and identify the importance of these behavioral aspects. In a field experiment (n>1,700 participants), we vary the … salience of team identity, social image concerns, and whether teams face monetary incentives. Increased salience of team …
Persistent link: https://www.econbiz.de/10014495030
We conduct a field experiment in a controlled work environment to investigate the effect of motivational talk and its … interaction with monetary incentives. We find that motivational talk significantly improves performance only if it is accompanied …
Persistent link: https://www.econbiz.de/10009793159
We manipulate workers' perceived meaning of a job in a field experiment. Half of the workers are informed that their … the effect of meaning to the effect of monetary incentives and of worker recognition via symbolic awards. We also look at … interaction effects. While meaning outperforms monetary incentives, the latter have a robust positive effect on performance that …
Persistent link: https://www.econbiz.de/10010337021
We manipulate workers' perceived meaning of a job in a field experiment. Half of the workers are informed that their … the effect of meaning to the effect of monetary incentives and of worker recognition via symbolic awards. We also look at … interaction effects. While meaning outperforms monetary incentives, the latter have a robust positive effect on performance that …
Persistent link: https://www.econbiz.de/10010337426
We conducted a field experiment in a controlled work environment to investigate the effect of motivational talk and its … interaction with monetary incentives. We find that motivational talk significantly improves performance only when accompanied by …
Persistent link: https://www.econbiz.de/10010342223