the level of implementation of various incentives in three countries: Slovenia, Serbia, Bosnia and Herzegovina. The … most observed compensation elements among the observed countries. The study contributes to compensation management …

. However, recent evidence suggests that high-powered incentives also provide managers with incentives to manipulate the firm … firm hierarchy — division managers and Chief Financial Officers — are likely to have similar incentives, and perhaps even …Performance-based pay is an important instrument to align the interests of managers with the interests of shareholders …

tournaments and find that the total incentives of non-promoted executives (NPEs) are likely to decrease significantly at the end … incentives. This leads to an increase in turnover of NPEs as compared to a matched sample of control executives. Evidence … quality managers are weeded out by the firm, and 2) high quality managers leave because firms are unable to adjust their …

In many organizational contexts, managers might have self-serving incentives whereby giving high evaluations to … employees comes at the expense of their own payoff. In this study, I examine the impact of managers’ self-serving incentives on …-serving incentives collect less information than managers with no self-serving incentives. When managers do collect all available …

This paper examines the relation between tournament incentives and reserve management. We find a positive relation … between internal tournament incentives and reserve errors, implying that a larger pay gap as a tournament prize induces vice … reserve management. Unlike the literature, we do not find a positive relation between tournament incentive and profits (risk …

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting … incentives are maximized for strike prices set around the stock price at inception. This finding is consistent with companies … examines the relationship between risk taking incentives and stock options and finds that an executive who is subject to …

(CEO) relative inside leverage to proxy for the incentives of risk-averse managers, we find that CEOs with higher inside …We provide evidence concerning the effect of managerial risk-taking incentives on merger and acquisition (M …

. Vega does not capture risk-taking incentives from managers' stock and debt holdings and does not reflect the fact that …We measure a manager's risk-taking incentives as the total sensitivity of the manager's debt, stock, and option … measure explains risk choices better than vega and the relative measures, and should be useful for future research on managers …

interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented …

This paper examines the effect of risk-taking incentives on acquisition investments. We find that CEOs with risk …-taking incentives are more likely to invest in acquisitions. Economically, an inter-quartile range increase in vega translates into an … approximately 4.22% enhancement in acquisition investments, consistent with the theory that risk-taking incentives induce CEOs to …