crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …

Empirical research on the principal-agent model has focused almost exclusively on the incentives provided to chief … executive officers. However, the model is also directly relevant to the incentives provided to other top executives. Furthermore …, the extent to which other executives will be provided with high-powered incentives to maximize firm profits depends …

for auto dealership managers. The data include information on five properties: two indicators of risk; two indicators of … multitask incentives relative to the primary performance measure. Specifically, we find evidence that second and third bonuses … are used to provide better incentives for cooperation and to reduce incentives for manipulation. Fourth, we present …

A basic tenet of incentive theory states that there is a trade-off between risk and incentives. By implication, greater …

risk preference and firm risk (the volatility of firm performance measures such as stock return, earnings and operating … cash flows). My results show a negative association between the CEO risk aversion (as measured by realized performance on … inside debt) and the volatility of firm market performance: Firms with risk-averse CEOs have experience less stock price …

evaluation of individual performances over time provide effective incentives for employee effort. …

additional productivity gain; and (iv) PRP with greater Power of incentives (the share of PRP in total compensation) results in … greater productivity gains, and returns to Power of incentives diminishes very slowly. …