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Recent studies [Bebchuk and Fried (2002)] have shown that managerial power and negotiations play important roles in the design of executive pay arrangements, suggesting that some CEOs may extract greater economic rent from shareholders when provided with the opportunity. This paper seeks to...
Persistent link: https://www.econbiz.de/10009466153
There have been many recent examples in the news of how employees were motivated by their companies to take actions that were not best for the long term success of the company. Mortgage companies gave financial incentives to brokers for each loan approved regardless of quality, which resulted in...
Persistent link: https://www.econbiz.de/10009429313
Subject of this study are the impacts of flexible compensation components (incentive wage, profit-sharing, employee … compensation in the view of enterprises and employees.Following these basis three different options to make compensation flexible … quality of work. In this sense they contribute to a compensation linked to productivity, with positive impact to companies and …
Persistent link: https://www.econbiz.de/10009433720
The significance of stock options as a component of executive compensationhas fluctuated dramatically over the past decade. The purpose of this study is to investigatedeterminants of the effectiveness of stock option grants. These option grants areconsidered to be effective if they accomplish...
Persistent link: https://www.econbiz.de/10009464816
covenant hypothesis".I next examine the incentives that CEOs have to increase firm value that resultfrom their compensation …
Persistent link: https://www.econbiz.de/10009464915
Persistent link: https://www.econbiz.de/10010526640
Previous literature studying happiness, or subjective well-being, has mainly analyzedhappiness in relation to income … find thatnon-monetary factors are very important in explaining one’s level of happiness. …
Persistent link: https://www.econbiz.de/10009468252
Happiness research is a new, rapidly growing and provocative aspect of economic science. In fact, there are now over 1 …,800 published papers on the subject, and it might be said that the ‘dismal science’ has come to be obsessed with happiness. This … is the ‘Easterlin Paradox’ – the finding that self-reported happiness does not always appear to grow in tandem with …
Persistent link: https://www.econbiz.de/10009448119
This dissertation inquires into the relationship between income, aspirations, and life satisfaction in post-transition Russia. It first explores the channels through which adaptation and social comparison contribute to higher income aspirations. The results show that social comparison is a...
Persistent link: https://www.econbiz.de/10009450924
Persistent link: https://www.econbiz.de/10010353189