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Prior literature shows that choices regarding board composition are associated with earnings management. We add to this literature by examining the effects of the presence of a foreign board member on earnings management. Using a sample of 3,249 firm-year observations representing 586...
Persistent link: https://www.econbiz.de/10011418688
In this study, we examine the relationship between within-firm pay inequality and employee productivity. We use hand-collected data on a sample of S&P 1500 companies from 2018-2022 and find a concave relationship between the relative CEO pay and employee productivity. Consistent with tournament...
Persistent link: https://www.econbiz.de/10014251441
between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment … of risk and risk exposures on the one hand and performance on the other. Properly designed, a risk measure should provide … information on to what extend the firm's performance is at risk, what is causing that risk, the relative importance of non …
Persistent link: https://www.econbiz.de/10003976023
as a result of this globalization. We focus on direct and indirect American influence on the dismissal performance … performance sensitivity. The empirical results show a significant increase in the dismissal sensitivity in poorly performing … dismissal ; performance sensitivity ; globalization ; corporate governance ; foreign board membership ; institutional contagion …
Persistent link: https://www.econbiz.de/10003932526
Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic …. -- Executive compensation ; salary bonus ; option ; pension ; macroeconomic factors ; performance ; luck …
Persistent link: https://www.econbiz.de/10003976019
Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions. Incentive effects of … performance-based compensation schemes for management may be weakened or biased by macroeconomic influences if management is … macroeconomic fluctuations. The macroeconomic influences on performance and compensation can be expected to vary from firm to firm …
Persistent link: https://www.econbiz.de/10003691579
We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10011377049
Using a formal principal-agent model, I investigate the relation between monetary gift-exchange and incentive pay, while allowing for worker heterogeneity. I assume that some agents care more for their principal when they are convinced that the principal cares for them. Principals can signal...
Persistent link: https://www.econbiz.de/10011379625
Persistent link: https://www.econbiz.de/10009724791
recognition on employee performance. We hired more than 300 employees to work on a three-hour data-entry task. In a random sample … subsequent performance substantially, and particularly so when recognition is exclusively provided to the best performers …. Remarkably, workers who did not receive recognition are mainly responsible for this performance increase. This result is …
Persistent link: https://www.econbiz.de/10009732805