mitigating overall risk-taking incentives. The net effect of options on risk-taking behavior is, therefore, ambiguous and calls … risk taking. One of the objectives is the motivation of further research on the topic. Risk-averse managers hold less … diversified portfolios and, thus, tend to take less risk than optimal for shareholders. More option grants may encourage risk …

I show that stochastic contracts generate powerful incentives when agents suffer from probability distortion. When …, which expose the agent to a high degree of risk, generate higher performance than cost-equivalent contracts with lower or no … risk exposure. I find that probability distortions that result from likelihood insensitivity-cognitive limitations that …

Although, in theory, a considerable amount of literature emphasizes the significance of employee incentive pay, there … the level of implementation of various incentives in three countries: Slovenia, Serbia, Bosnia and Herzegovina. The …

whether and how to regulate the use of this data. We study how new data affects incentives for agents to exert effort in …

, especially with regard to the sales force. The article discusses some problems posed by different types of incentives schemes for … length), organizational (i.e., satisfaction from the existing bonus scheme), psychological (i.e., risk adverseness), and …