Literature has tried to report whether high compensation differences between executives are linked to better firm performance. This study, based on tournament theory arguments, has attempted to provide new evidences in this line of research, using a sample of 120 Spanish listed firms. Results,...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

This paper analyses the fit between business strategy and human resources strategy, and its implications and effect on performance. A sample of 121 Andalusian co-operatives (small and medium sized firms) is used to evaluate the hypothesis through a questionnaire. Our findings reveal some support...

The main aim of this paper is to analyse the impact of human resource practices on business results. This study will follow the universalist and contingency approaches propounded in the literature (Delery and Doty, 1996; McMahan, Virick and Wright, 1999) in order to confirm their validity in the...

Las deficiencias que registran los diferentes países de América Latina en los indicadores relacionados con el rendimiento escolar y la calidad educativa han sido un tema recurrente en la agenda política de los gobiernos de la región durante las últimas décadas. Diferentes estudios sugieren...

Literature has tried to report whether high compensation differences between executives are linked to better firm performance. This study, based on tournament theory arguments, has attempted to provide new evidences in this line of research, using a sample of 120 Spanish listed firms. Results,...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Spanish Abstract: El poder en las organizaciones puede manifestarse de manera visible a través de la “organización formal” por medio de una estructura jerárquica, o en la “organización informal” mediante las relaciones entre sus individuos sin tener en cuenta aquella estructura...

Spanish Abstract: El documento trata de los métodos de retribución variable que se han generalizado en los últimos tiempos. Pone de manifiesto el papel que han jugado en los escándalos financieros y en la gestación de la crisis y analiza la propuesta de John Roberts de incentivos débiles,...