Prior research demonstrates that relative performance information affects effort and performance. However, little is known about the qualitative design parameters of these information systems. This study examines, via an experiment, how adding performance category labels to ranks (e.g.,...

Prior studies often examine the association between performance and various measures of incentive strength. We argue that target difficulty is another important but often overlooked driver of managerial performance. Using data on earnings targets in annual bonus plans, we construct and validate...

We study the performance of collateralized loan obligations (CLOs) to understand the market imperfections giving rise to these vehicles and the corresponding costs. CLO equity tranches earn positive abnormal returns from the risk-adjusted price differential between leveraged loans and CLO debt...

A smartphone and a strong Internet connection are what every tech-savvy customer’s need to meet the full spectrum of his / her everyday needs. The on-demand taxi service is a phenomenon that has changed the habit of a huge proportion of people in the country who ride on a daily basis. The...

The increased number of business failures in the companies reflects the need to apply new tools to evaluate financial performance. Data Envelopment Analysis (DEA) is a powerful analytical tool that has the versatility to give a single measure of performance while simultaneously handling the...

This paper sets out a logical and inclusive approach to measuring purpose. We advocate a three-stage process, the first of which anchors the purpose, mission and vision of the organisation in its governance. The second stage identifies the business metrics that derive from purpose in relation to...

This paper studies the persistence of mutual fund performance. Academic research often focuses on fund returns. This study intends to examine the performance of selected Large cap and Mid cap mutual fund schemes of Indian Mutual fund industry during the study period 2007 to 2011. The performance...

This paper seeks to further the understanding of US university endowment performance building on recent research by both Hammond and Ennis. The paper finds that a Sharpe style analysis, as employed by Ennis, likely understates the true risk of endowments and therefore overstates alpha. This is...

This paper analyses the performance of maturity transformation strategies during a period of high and low interest rates. Based on German government bond yields from September 1972 to May 2019,we construct a rolling window of bond ladders where long-term assets are financed by short-term...

This paper studies how pay transparency affects organizations that reward employees based on their efforts (i.e., using “subjective performance evaluation”). First, we show that transparency triggers social comparisons that require the organization to pay its employees an “envy premium”....