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What determines the allocation of managerial ownership within firms? Evidence from investment management firms

Dimmock, Stephen G.; Gerken, William C.; … - In: Journal of Corporate Finance 30 (2015) C, pp. 44-64

We show that the allocation of managerial ownership to individuals within firms varies depending upon the joint distribution of decision control and decision management rights. Using a unique dataset of institutional investment management firms, we show that ownership is higher for managers:...

Persistent link: https://www.econbiz.de/10011190856

The tenuous relationship between effort and performance pay

Kvaløy, Ola; Olsen, Trond E. - In: Journal of Public Economics 121 (2015) C, pp. 32-39

When an agent is offered performance related pay, the incentive effect is not only determined by the shape of the incentive contract, but also by the probability of contract enforcement. We show that weaker enforcement may reduce the agent's effort, but lead to higher-powered incentive...

Persistent link: https://www.econbiz.de/10011190978

The behavioralist as nutritionist: Leveraging behavioral economics to improve child food choice and consumption

List, John A.; Samek, Anya Savikhin - In: Journal of Health Economics 39 (2015) C, pp. 135-146

experiment with >1500 children, we report several key insights. We find that incentives have large influences: in the control, 17 …% of children prefer the healthy snack, whereas introduction of small incentives increases take-up of the healthy snack to … little evidence that the framing of incentives (loss vs. gain) matters. Educational messaging alone has little effect, but we …

Persistent link: https://www.econbiz.de/10011193945

Redistribution by Means of Lotteries

Gauthier, Stéphane; Laroque, Guy - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2015

A government designs transfers to agents in the absence of information on their preferences. The second-best allocation is equal sharing among citizens when the awards are deterministic. We provide a necessary and sufficient condition under which lotteries improve upon the egalitarian outcome....

Persistent link: https://www.econbiz.de/10011194451

Motivation of Czech Employees by the Balanced Scorecard of the Multinational Company – an Empirical Study

JANASOVÁ, Barbora - In: European Financial and Accounting Journal 2013 (2013) 3

The aim of this paper is to review if the implemented balanced scorecard is an efficient way to motivate people and increase their work effort. The empirical research had been conducted in one of the big multinational companies. Balanced scorecards for such companies are mainly driven by global,...

Persistent link: https://www.econbiz.de/10011195324

Una teoria positiva delle privatizzazioni per i paesi in via di sviluppo: note a margine delle ultime lezioni di Jean Jacques Laffont

Massimo, Florio - In: Politica economica - Journal of Economic Policy (PEJEP) (2006) 2, pp. 131-156

According to his posthumous book, Laffont (2005), suggests that when policy-makers in less developed countries have a private agenda, regulators risk to be corrupted, and ex post evaluation is costly, government privatization supply is a non linear (inverted U) function of a corruption index....

Persistent link: https://www.econbiz.de/10011196190

From parastatals to private trade: Lessons from Asian agriculture

Rashid, Shahidur (contributor); Gulati, Ashok (contributor); … - International Food Policy Research Institute (IFPRI)

In developing countries across Asia, food marketing parastatals have played an important role in agricultural policy, especially with regard to government efforts to stabilize food prices. Three broad market failures constitute the primary arguments for this form of government intervention: a...

Persistent link: https://www.econbiz.de/10011196693

Scrutinizing the Inclusiveness of Education at the Grass-Root Level in Madhya Pradesh Region of India

Mishra, Onkar Nath; Gupta, Saurabh - In: Knowledge Horizons - Economics 5 (2013) Special 1, pp. 111-117

The primary motivation of this study is to explore the field of elementary education in the Madhya Pradesh region of India from gender perspective. With only 3 years in hand to achieve the goal of universal education for all as per Dakar declaration, it assesses the extent to which the basic...

Persistent link: https://www.econbiz.de/10011198561

The Critical Importance of Information: Incentive Regulation and its Application in Electricity

Evans, Lewis - Victoria Business School, Victoria University of Wellington - 1998

This paper outlines the key distinguishing features of light- and heavy-handed regulation. It Provides an analysis of the importance of informational issues for the conduct of commerce Provides an analysis of informational issues for the design and operation of incentive regulation Uses...

Persistent link: https://www.econbiz.de/10011199576

The lure of authority: Motivation and incentive effects of power

Fehr, Ernst; Herz, Holger; Wilkening, Tom - Institut für Volkswirtschaftslehre, … - 2012

controlling parties, while a large percentage of subordinates under-provide effort despite pecuniary incentives to the contrary …

Persistent link: https://www.econbiz.de/10011240402