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We empirically explore the relevance of risk taking behavior in tournaments. We make use of data from the NBA season …
Persistent link: https://www.econbiz.de/10010270278
race nature of R&D tournaments. …
Persistent link: https://www.econbiz.de/10008822069
In der vorliegenden Arbeit wird eine modelltheoretische Untersuchung der verschärften sogenannten Herabsetzungsmöglichkeit von Vorstandsbezügen nach dem VorstAG anhand der Turniertheorie vorgenommen. Hierzu wird ein Modell entwickelt, um mögliche ökonomische Auswirkungen der Verminderung...
Persistent link: https://www.econbiz.de/10009321659
This paper examines the possibility of reducing executive compensation following the German VorstAG. To examine the potential economic impact of the reduction, a tournament model is introduced. The model shows some implications on the decisions of the Executive Board and Supervisory Board.
Persistent link: https://www.econbiz.de/10009323939
Using panel data for all of China's public listed firms over the period 2001-2010 we examine how firms have recruited and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to firm performance, although the elasticities are lower than for the United...
Persistent link: https://www.econbiz.de/10010551657
race nature of R&D tournaments. …
Persistent link: https://www.econbiz.de/10008581229
incentives are renewed but fade when they are discontinued. Fixed bonuses lead to smaller effects. Both treatments appear to …
Persistent link: https://www.econbiz.de/10011517727
incentives - motivate a worker by adopting leadership styles that differ in their non-monetary consequences for the worker's well …
Persistent link: https://www.econbiz.de/10011936032
work, agents usually make their effort choice in response to competition and monetary incentives. At the same time, they … work periods as tournaments that are linked through fatigue spillovers, inducing a non-time-separable decision problem. We … also allow for variations in incentives in one work period, in order to analyze spillover effects to the work periods …
Persistent link: https://www.econbiz.de/10011976073
tournaments and piece rates as alternative incentive schemes has focused on the case of unlimited liability. However, in practice … under piece rates than under tournaments. Moreover, if first-best implementation is not achieved and workers earn positive … rents, efforts and profits will be larger for piece rates than for tournaments given sufficiently convex costs. While …
Persistent link: https://www.econbiz.de/10010343971