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throughout the economy and include contracts linking CEO pay directly to firm performance, annual bonus schemes, the posting of … performance bonds, and holding company stock. These incentive mechanisms appear to complement rather than substitute for one … another. The elasticity of pay with respect to company performance is one or more in two-fifths of the cases where CEO's have …
Persistent link: https://www.econbiz.de/10010700445
throughout the economy and include contracts linking CEO pay directly to firm performance, annual bonus schemes, the posting of … performance bonds, and holding company stock. These incentive mechanisms appear to complement rather than substitute for one … another. The elasticity of pay with respect to company performance is one or more in two-fifths of the cases where CEO's have …
Persistent link: https://www.econbiz.de/10010745536
literature on the prevalence and correlates of performance bonds posted by corporate executives. We show that they are an … important feature in today's CEO labour market in China: around one-tenth of corporations deploy performance bonds and they are …
Persistent link: https://www.econbiz.de/10011126044
and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to firm performance … performance and relying on incentive structures within firms to foster executive talent. …
Persistent link: https://www.econbiz.de/10010551657
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...
Persistent link: https://www.econbiz.de/10010610739
literature on the prevalence and correlates of performance bonds posted by corporate executives. We show that they are an … important feature in today's CEO labour market in China: around one-tenth of corporations deploy performance bonds and they are …
Persistent link: https://www.econbiz.de/10010931675
literature on the prevalence and correlates of performance bonds posted by corporate executives. Using data for China we examine … corporations deploy performance bonds. They are sizeable relative to CEO cash compensation. Ceteris paribus, CEO's posting … performance bonds are more likely than other CEO's to have their compensation linked to firm performance in other ways and the …
Persistent link: https://www.econbiz.de/10010535360
We establish the effects of salaries on worker performance by exploiting a natural experiment in which some workers in … a particular occupation (football referees) switch from short-term contracts to salaried contracts. Worker performance … sensitive to workers sorting into or out of the profession. Improved performance could arise from the additional effort workers …
Persistent link: https://www.econbiz.de/10008694928
performance of the firm and the effort of workers in total. For workers who buy subsidized shares, an ESPP sets up a group … of workers' compensation depend on company performance. …
Persistent link: https://www.econbiz.de/10011126459
Using nationally representative survey data for Finnish employees linked to register data on their wages and work histories we find wage effects of high involvement management (HIM) practices are generally positive and significant. However, employees with better wage and work histories are more...
Persistent link: https://www.econbiz.de/10011071162