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Skilled labour has gained significance as a production factor in the age of information technology, but accounting does not recognize human capital as an asset that contributes to the firm's earning power. This paper suggests a method to develop a latent index to proxy the managerial-skill...
Persistent link: https://www.econbiz.de/10014096640
In teamwork settings, providing effective leadership can be challenging for team leaders due to multitasking and the …, which can ultimately impede the productivity of the team. To address this problem, we conduct a field experiment at a … manufacturing firm, introducing a relative subjective performance evaluation of team leaders' leadership activities by their …
Persistent link: https://www.econbiz.de/10014278019
%. The Pay Gap between the CEO and its subordinate executives (tournament incentives) also plays a major role in lowering IPO … failure risk. The effectiveness of CEO pay is strengthened among well-governed firms, whereas tournament incentives are …
Persistent link: https://www.econbiz.de/10012898102
This paper examines how changes in CEO risk-taking incentives are associated with changes in the use of relative … that risk-taking incentives and option grants declined following FAS 123R using a within-firm design, but not a within …-CEO-firm design. Decreased risk-taking incentives lead executives to invest in projects with lower systematic risk and can result in …
Persistent link: https://www.econbiz.de/10012940307
. Incentives did not reduce performance there either. Comparing individuals with groups we find that team-work facilitates creative …It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out … also when individuals work together to solve such problems. We do not find a negative impact of incentives on group …
Persistent link: https://www.econbiz.de/10009786022
This paper studies how firms can efficiently incentivize supervisors to truthfully report employee performance. To this end, I develop a dynamic principal-supervisor-agent model. The supervisor is either selfish or altruistic towards the agent, which is observable to the agent but not to the...
Persistent link: https://www.econbiz.de/10010226565
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
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011337995
comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational … effect on average performance for students, but not for that of workers. Adding financial incentives based on rank provided …
Persistent link: https://www.econbiz.de/10011407820
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