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Multi-rater performance evaluations and incentives
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - 2024
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014493793
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Multi-rater performance evaluations and incentives
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - 2024
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014552994
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Do CEOs make their own luck? : relative versus absolute performance evaluation and firm risk
Wruck, Karen H.; Wu, Yi Lin - 2017 - Current Draft: 10/5/17
Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between firm and industry performance is lower. The opposite...
Persistent link: https://www.econbiz.de/10011968863
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Stronger than the sum of its parts? : the performance implications of peer control combinations in teams
Jong, Bart A. de; Bijlsma-Frankema, Katinka M.; … - In: Organization science : a journal of the Institute for … 25 (2014) 6, pp. 1703-1721
Persistent link: https://www.econbiz.de/10010463512
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Incentivizing team leaders : a firm-level experiment on subjective performance evaluation of leadership skills
Gall, Thomas; Hu, Xiaocheng; Vlassopoulos, Michael - 2023
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
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Performance Peer Groups in CEO Compensation Contracts
Bakke, Tor-Erik - 2020
We take advantage of comprehensive panel data available as a result of the 2006 SEC disclosure rules on relative performance evaluation (RPE) to (i) better understand how firms choose performance peer groups used in CEO RPE contracts and (ii) to investigate the causal impact of mandatory...
Persistent link: https://www.econbiz.de/10012839697
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Evidence on Incentive Effects of Subjective Performance Evaluations
Riphahn, Regina T. - 2011
The authors investigate the effect of managerial performance evaluation styles on employee work effort. Using panel data on 4,080 employees in a Swiss unit of an international company for the period 1999-2002, they test two hypotheses using paid and unpaid overtime work as effort indicators. The...
Persistent link: https://www.econbiz.de/10013125219
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Performance measurement, expectancy and agency theory : an experimental study
Sloof, Randolph; Praag, Mirjam van - 2006
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...
Persistent link: https://www.econbiz.de/10011343251
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The degradation of distorted performance measures
Sloof, Randolph; Praag, Mirjam van - 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/10011376645
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Team Incentives in Relational Employment Contracts
Kvaloy, Ola; Olsen, Trond E. - 2005
performance, in a relational contract between a principal and a team of two agents. A main result is that the optimal incentive …
Persistent link: https://www.econbiz.de/10014027830