Showing 1 - 10 of 512
We develop a measurement-error framework for assessing the quality of relative-performance metrics designed to filter … out the systematic component of performance, and analyze relative total shareholder return (rTSR)-the predominant metric … market participants use to isolate managers' idiosyncratic performance-chosen by boards to evaluate managers. Among firms …
Persistent link: https://www.econbiz.de/10012064869
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and …-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms … performance. …
Persistent link: https://www.econbiz.de/10014493793
We explore how an organization's financial misconduct may affect pay for former employees not implicated in wrongdoing. Drawing on stigma theory we hypothesize that although such alumni did not participate in the financial misconduct and they had left the organization years before the...
Persistent link: https://www.econbiz.de/10011928843
recommendations for fixing them. We focus on choosing the right performance measure, determining how performance thresholds, targets …, or benchmarks are set, and defining the pay-performance relation and how the relation changes over time. Finally we … examine the role of banking bonuses in the recent financial crisis. While cultural and performance measurement issues …
Persistent link: https://www.econbiz.de/10009316259
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10009303451
the performance measure and its similarity (congruity, congruence) to the benefit of the manager's employer. A necessary …
Persistent link: https://www.econbiz.de/10003323166
We provide evidence on the long standing concern on auditor conflicts of interest from providing non-audit services (NAS) to audit clients by using rarely explored NAS fee data from 1978-80 Using this earlier setting, we find cross-sectional evidence of improved earnings quality when auditors...
Persistent link: https://www.econbiz.de/10009241457
We examine which independent directors are held accountable when investors sue firms for financial and disclosure related fraud. Investors can name independent directors as defendants in lawsuits, and they can vote against their re-election to express displeasure over the directors'...
Persistent link: https://www.econbiz.de/10009772336
performance. However, high purpose firms come in two forms: firms characterized by high camaraderie between workers and firms … higher future accounting and stock market performance, even after controlling for current performance, and that this relation … of their organization and the clarity in the path towards that purpose experience better performance …
Persistent link: https://www.econbiz.de/10011873386
Building on job matching theory, we model the effect of collective turnover on workplace performance as the total of … turnover level. The resulting theoretical turnover-performance relationship is generally curvilinear, nesting all the hitherto …
Persistent link: https://www.econbiz.de/10014335860