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Fund Flows and Income Risk of Fund Managers
Cen, Xiao; Dou, Winston Wei; Kogan, Leonid; Wu, Wei - National Bureau of Economic Research - 2023
Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
Persistent link: https://www.econbiz.de/10014447307
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Höhe, Struktur und Determinanten der Managervergütung: Eine Analyse der Fondsbranche in Deutschland
Drachter, Kerstin; Kempf, Alexander - Institut für Finanzmarktforschung, Wirtschafts- und … - 2010
Eigenschaften des Arbeitnehmers, des Arbeitgebers und des Arbeitsplatzes. Insgesamt verdienen deutsche Fondsmanager weniger als ihre … resultierenden Anreiz zu hohen Anlagerisiken wirken Fondsgesellschaften durch Einschränkung der Handlungsspielräume der Manager …
Persistent link: https://www.econbiz.de/10008683757
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Performance-related pay and labor productivity : do pay incentives and financial participation schemes have an effect on a firm's performance?
Lucifora, Claudio - 2015
Many firms offer employees a remuneration package that links pay to performance as a means of motivation. It also improves efficiency and reduces turnover and absenteeism. The effects on productivity depend on the type of scheme employed (individual or group performance) and its design...
Persistent link: https://www.econbiz.de/10011431686
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How effective are financial incentives for teachers? : linking teacher pay to student performance has become popular, but evidence on its effectiveness is mixed
Imberman, Scott A. - 2015
Concerns about poor student performance have led schools to diverge from traditional teacher compensation and base a portion of pay on student outcomes. In the US, the number of school districts adopting such performancebased financial incentives has increased by more than 40% since 2004....
Persistent link: https://www.econbiz.de/10011431719
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Does the statutory overtime premium discourage long workweeks?
Trejo, Stephen J. - 2001
Using a pooled data set consisting of 20 annual observations on each of eleven major industry groups, I estimate the effects of overtime pay regulation on weekly work schedules. After controlling for workweek trends within industries, the sharp expansions in overtime pay coverage resulting from...
Persistent link: https://www.econbiz.de/10011403901
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CEO Incentives and Earnings Prediction
Gong, James Jianxin - 2012
This study investigates whether information about Chief Executive Officer (CEO) incentives is useful for predicting future earnings. We find that in companies with higher CEO equity incentives, current year earnings are more informative of future earnings than in other companies. Additionally,...
Persistent link: https://www.econbiz.de/10013107405
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Market-based Incentives
Grochulski, Borys - 2013
We study optimal incentives in a principal-agent problem in which the agent's outside option is determined endogenously in a competitive labor market. In equilibrium, strong performance increases the agent's market value. When this value becomes sufficiently high, the threat of the agent's...
Persistent link: https://www.econbiz.de/10013082074
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Managerial Risk-Taking Incentives and Non-GAAP Earnings Disclosures
Bansal, Naresh - 2014
We investigate the association between risk-taking incentives provided by stock-based compensation arrangements and non-GAAP financial disclosures. Controlling for compensation to stock price sensitivity, we find that managers with higher compensation to stock volatility sensitivity (vega) are...
Persistent link: https://www.econbiz.de/10013066564
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The Choice of Wage Rate and Incentives for Labour Productivity Maximization
Okorie, David Iheke - 2019
establishes the optimal wage rate and incentive level that maximizes labour productivity for the firm. Overtime, the household … accepts these wage rates and incentives from the firm and maximizes her utility, as such equilibrium in maintained in the … and labour hour distorts the equilibrium price level. Restoring equilibrium entails adjusting the wage rate level in our …
Persistent link: https://www.econbiz.de/10012866081
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Does the Statutory Overtime Premium Discourage Long Workweeks?
Trejo, Stephen J. - 2021
Using a pooled data set consisting of 20 annual observations on each of eleven major industry groups, I estimate the effects of overtime pay regulation on weekly work schedules. After controlling for workweek trends within industries, the sharp expansions in overtime pay coverage resulting from...
Persistent link: https://www.econbiz.de/10013320782