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CEO turnover, firm performance and enterprise reform in China: evidence from new micro data

Kato, Takao; Long, Cheryl - 2006

Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

Persistent link: https://www.econbiz.de/10010274393

Performance pay and risk aversion

Grund, Christian; Sliwka, Dirk - 2006

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in … environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature … use of a unique representative data set, we find clear evidence that risk aversion has a highly significant and …

Persistent link: https://www.econbiz.de/10010267296

Performance Pay and Risk Aversion

Grund, Christian; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2006

Persistent link: https://www.econbiz.de/10005822413

Distributive Justice and CEO Compensation

Jasso, Guillermina; Meyersson Milgrom, Eva M. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper develops a framework for studying individuals ideas about what constitutes justcompensation for chief executive officers (CEOs) and reports estimates of just CEO pay andthe principles guiding ideas of justice. The sample consists of students pursuing a Master ofBusiness Administration...

Persistent link: https://www.econbiz.de/10005861085

Social Preferences and Rating Biases in Subjective Performance Evaluations

Kusterer, David; Sliwka, Dirk - 2022

We study the determinants of biases in subjective performance evaluations in an MTurk experiment to test the implications of a standard formal framework of rational subjective evaluations. In the experiment, subjects in the role of workers work on a real effort task. Subjects in the role of...

Persistent link: https://www.econbiz.de/10013426345

Incentivizing Team Leaders: A Firm-Level Experiment on Subjective Performance Evaluation of Leadership Skills

Gall, Thomas; Hu, Xiaocheng; Vlassopoulos, Michael - 2023

In teamwork settings, providing effective leadership can be challenging for team leaders due to multitasking and the difficulty in measuring and rewarding leadership input. These challenges might lead to underprovision of leadership activities, which can ultimately impede the productivity of the...

Persistent link: https://www.econbiz.de/10014296867

The Peter Principle: An Experiment

Dickinson, David L.; Villeval, Marie-Claire - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...

Persistent link: https://www.econbiz.de/10008939753

Altruism and Relational Incentives in the Workplace

Dur, Robert A. J.; Tichem, Jan - 2013

This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The con- tract may contain two types of incentives for...

Persistent link: https://www.econbiz.de/10010319459

Exploitation Aversion: When Financial Incentives Fail to Motivate Agents

Carpenter, Jeffrey P.; Dolifka, David - 2013

Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking rewards to performance increases effort, but that they can also backfire, reducing effort. Intrinsic motivation, the internal drive to work to master a skill or to improve one's...

Persistent link: https://www.econbiz.de/10010319499

Management Compensation and the Economic Crisis: Longitudinal Evidence from the German Chemical Sector

Grund, Christian; Walter, Tanja - 2013

Making use of unique balanced panel data for the German chemical sector from the years 2008 to 2011, we explore the extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards. Carrying out longitudinal analyses, we find that, on...

Persistent link: https://www.econbiz.de/10010319541