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Cartels, managerial incentives, and productive efficiency in German coal mining, 1881-1913

Burhop, Carsten; Lübbers, Thorsten - 2008

In this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data set...

Persistent link: https://www.econbiz.de/10010264842

Whom will you choose? - Collaborator Selection and Selector’s Self-Prediction

Eberlein, Marion; Przemeck, Judith - 2008

Our experiment investigates managers’ self-predictions of their subsequent performance and, based upon, their choice of … a collaborator. Our results show that managers’ self-predictions are not biased anymore after they are informed about … the performance of a reference group. In spite of this, most managers do not rationally choose a collaborator given their …

Persistent link: https://www.econbiz.de/10010264922

Professionals' endorsement of behavioral finance: does it impact their perception of markets and themselves?

Menkhoff, Lukas; Nikiforow, Marina - 2008

incentives to learn efficient behavior, i.e. fund managers. We split this group into endorsers and non-endorsers of behavioral …

Persistent link: https://www.econbiz.de/10010264942

Incentive contracts and hedge fund management

Hodder, James E.; Jackwerth, Jens Carsten - 2005

This paper investigates dynamically optimal risk-taking by an expected-utility maximizing manager of a hedge fund. We examine the effects of variations on a compensation structure that includes a percentage management fee, a performance incentive for exceeding a specified highwater mark, and...

Persistent link: https://www.econbiz.de/10010266924

The determinants of asset stripping: theory and evidence from the transition economies

Campos, Nauro F.; Giovannoni, Francesco - 2005

During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of …

Persistent link: https://www.econbiz.de/10010267582

Social networks in the boardroom

Kramarz, Francis; Thesmar, David - 2006

This paper provides empirical evidence consistent with the facts that (1) social networks may strongly affect board composition and (2) social networks may be detrimental to corporate governance. Our empirical investigation relies on a unique dataset on executives and outside directors of...

Persistent link: https://www.econbiz.de/10010267612

Task difficulty, performance measure characteristics, and the trade-off between insurance and well-allocated effort

Schnedler, Wendelin - 2006

When designing incentives for a manager, the trade-off between insurance and a good allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...

Persistent link: https://www.econbiz.de/10010268002

Principals as agents? Investigating accountability in the compensation and performance of school principals

Billger, Sherrilyn M. - 2007

In this study I examine the relationship between accountability (e.g., state sanctions for poor performance, or the presence of goals required by the district) and public secondary principal pay and school performance. Though such incentives and standards are increasingly common, the existing...

Persistent link: https://www.econbiz.de/10010268128

Determinants of managerial values on corporate social responsibility: evidence from China

Zu, Liangrong; Song, Lina - 2008

This paper empirically investigates how Chinese executives and managers perceive and interpret corporate social … responsibility (CSR), to what extent firms' productive characteristics influence managers' attitudes towards their CSR rating, and … in poorer regions that are more likely to have managers who opt for a higher CSR rating. Managers' personal …

Persistent link: https://www.econbiz.de/10010268597

Principal accountability at private secondary schools

Billger, Sherrilyn M. - 2007

Increasing interest in voucher programs and privatizing public schools reveals a commonly-held belief that private schools are better able to produce a quality education. While state and national standards do not directly affect these schools, their private control yields strong student...

Persistent link: https://www.econbiz.de/10010268667