Proposals after the last financial crisis in 2008 have called for an extension of the scope of clawback provisions in compensation contracts beyond what is commonly legally required. Under such an extendeds cope, managers would be held accountable for losses. The reason for such an extended...

In today's economy, jobs frequently comprise multiple tasks and duties, which presents a challenge for the design of incentive systems. We examine how competition for monetary rewards (tournament compensation schemes versus piece-rate compensation) or standing in rankings (public disclosure of...