This agent-based model contributes to a theory of corporate culture in which company performance and employees’ behaviour result from the interaction between financial incentives, motivational factors and endogenous social norms. Employees’ personal values are the main drivers of behaviour....

This study aims to explore the crucial question whether the presence of female directors on the compensation committees limits the CEO excessive compensation in China or not? To draw the inferences, we use the data of Chinese listed firms for the year 2006 to 2015 and estimate ordinary least...

Purpose: The dissatisfaction with executive remuneration worldwide has increased because it is generally believed to have been instrumental to the 2008 Global Economic crisis. Central to this is the apparent unsatisfactory relationship between business performance and chief executive officer...

Purpose: This study examines the moderating impact of corporate governance quality on the relation between CEO bonus compensation and accounting conservatism. Design/methodology/approach: We use market-based and accrual-based measures to estimate accounting conservatism. According to prior...

Herdenimmunität, oder zumindest eine hohe Durchimpfung, ist ein Ziel der Impfungen gegen COVID-19. Dieses soll möglichst schnell erreicht werden, um weitere Ansteckungswellen zu verhindern und auch die Ausbreitung stärker ansteckender Varianten zu bremsen. Bisher war die Impfstoffmenge ein...

We study a simple savings scheme that allows workers to defer receipt of part of their wages for three months at zero interest. The scheme significantly increases savings during the deferral period, leading to higher post-disbursement spending on lumpy goods. Two years later, after two...

Service shutdowns -- extended disruptions of operations -- caused by exogenous events are on the rise. Such shutdowns pose major challenges for service providers, customers, and policymakers. Providers tend to push for vouchers as a means of service recovery to limit bankruptcy risk, whereas...