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We investigate how CEO's risk incentive (vega) affects firm innovation. To establish causality, we exploit compensation changes instigated by the FAS 123R accounting regulation in 2005 that mandated stock option expensing at fair values. Our identification tests indicate a positive and causal...
Persistent link: https://www.econbiz.de/10012965484
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the response of disabled people to these incentives. In addition to income support policy, we also describe public policy …
Persistent link: https://www.econbiz.de/10014024187
Using ten waves (1998-2007) of the British Household Panel Survey (BHPS), this paper investigates the ceteris paribus association between the intensity of incentive pay, the dynamic change in bonus status and the utility derived from work. After controlling for individual heterogeneity biases,...
Persistent link: https://www.econbiz.de/10013148342
, especially with regard to the sales force. The article discusses some problems posed by different types of incentives schemes for …
Persistent link: https://www.econbiz.de/10013246128
levels, which suggests these pay methods provide utility to workers in addition to that through higher wages. These findings …
Persistent link: https://www.econbiz.de/10010458483
records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role …
Persistent link: https://www.econbiz.de/10011337995
constitutes a rational response to a time allocation problem, their reaction to incentives appears myopic in other dimensions. …
Persistent link: https://www.econbiz.de/10010378353
Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …
Persistent link: https://www.econbiz.de/10010414760
crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …
Persistent link: https://www.econbiz.de/10011946785