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Anforderungen an Spitzenführungskräfte: Retrospektive und Perspektive. Replikation einer empirischen Untersuchung

Matiaske, Wenzel; Holtmann, Doris; Fietze, Simon - 2014

Persistent link: https://www.econbiz.de/10011404263

Task Difficulty, Performance Measure Characteristics, and the Trade-Off between Insurance and Well-Allocated Effort

Schnedler, Wendelin - 2006

the performance measure and its similarity (congruity, congruence) to the benefit of the manager’s employer. A necessary …

Persistent link: https://www.econbiz.de/10011422137

Private information in executives' option trades: Evidence from the UK

Kyriacou, Kyriacos; Luintel, Kul B.; Mase, Bryan - 2008

UK executives' stock option exercises and associated sell decisions are motivated by private, inside, information. Executives use their inside information to lock in short-term gains, and to sell stock acquired prior to negative abnormal stock returns. This informed trading is robust to the...

Persistent link: https://www.econbiz.de/10010322777

Incentive Contracts and Hedge Fund Management: A Numerical Evaluation Procedure

Jackwerth, Jens Carsten; Hodder, James E. - 2003

The behavior of a hedge-fund manager naturally depends on her compensation scheme, her preferences, and constraints on her risk-taking. We propose a numerical method which can be used to analyze the impact of these influences. The model leads to several interesting and novel results concerning...

Persistent link: https://www.econbiz.de/10010323933

The value relevance of forced top management departures: Dutch evidence

Cools, Kees; van Praag, Mirjam - 2003

Persistent link: https://www.econbiz.de/10010324959

Managerial Talent, Motivation, and Self-Selection into Public Management

Delfgaauw, Josse; Dur, Robert - 2008

brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions … return to managerial ability is always highest in the private sector. As a result, relatively many of the more able managers …

Persistent link: https://www.econbiz.de/10010325712

Gift Exchange in the Workplace

Dur, Robert - 2008

convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways … altruistic managers may offer lower wages and nevertheless build up better social-exchange relationships with their employees … than egoistic managers do. In such equilibria, a low wage signals to employees that the manager has something else to offer …

Persistent link: https://www.econbiz.de/10010325842

The Degradation of Distorted Performance Measures

Sloof, Randolph; van Praag, Mirjam - 2008

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...

Persistent link: https://www.econbiz.de/10010325988

How Important Are Risk-Taking Incentives in Executive Compensation?

Dittmann, Ingolf; Yu, Ko-Chia - 2009

This paper investigates whether observed executive compensation contracts are designed to provide risk-taking incentives in addition to effort incentives. We develop a stylized principal-agent model that captures the interdependence between firm risk and managerial incentives. We calibrate the...

Persistent link: https://www.econbiz.de/10010326054

Should State-Owned Firms Change CEOs Before Privatization? The Case of the Telecommunications Industry

Chong, Alberto; Galdo, Virgilio - 2003

Should state-owned enterprises change chief executive officer before privatizing? We test competing views on this question by complementing a recently released database with newly collected data. We are able to cover 77 telecommunications privatizations, which account for nearly 80 percent of...

Persistent link: https://www.econbiz.de/10010327157