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Cet article étudie l'évolution et les effets incitatifs des stock-options attribuées aux dirigeants de dix-huit entreprises du CAC40 entre 1994 et 2003. Une base de données portant sur 184 plans d'attribution de stock-options par ces entreprises est utilisée afin de suivre l'évolution et...
Persistent link: https://www.econbiz.de/10008793488
substantially lower than when the same payment scheme is imposed. Mainly based on risk aversion, sorting is efficiency …
Persistent link: https://www.econbiz.de/10009401083
In this paper, we analyze group incentives when a proportion of agents feel in- equity aversion as defined by Fehr and … show that a tournament provides strong incentives to agents who only care about their own payo¤ but that it is not …
Persistent link: https://www.econbiz.de/10008788937
disadvantageous inequity aversion and risk aversion. In the second half of the experiment, the effect of individual preferences is …
Persistent link: https://www.econbiz.de/10008788967
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008788998
-subject variance is substantially lower than when the same payment scheme is imposed. Mainly based on risk aversion, sorting is …
Persistent link: https://www.econbiz.de/10008790614
investigates the impact of performance pay on both incentives and sorting and analyzes the influence of repeated interactions … and reputation influence both the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008790841
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10008791578
-subject variance is substantially lower than when the same payment scheme is imposed. Mainly based on the degree of risk aversion …
Persistent link: https://www.econbiz.de/10008792126
Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically … paper reports instead between-subject results on the effect of monetary stakes on risk attitudes for small probability …
Persistent link: https://www.econbiz.de/10008791266