Pikulina, Elena; Renneboog, Luc; Ter Horst, Jenke; … - In: Journal of Corporate Finance 29 (2014) C, pp. 369-389
Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve … traders' performance. We study the effects of linear versus threshold bonus schemes on traders' behavior. Traders buy and sell …, realized earnings, analysts' earnings forecasts, and evolution of the market index). We find that linear and threshold bonus …