Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to … whether the widely used class of Residual Income based performance measures - such as Economic Value Added (EVA) - is … economic circumstances and the self-selection of firms using EVA. Our findings indicate that EVA is a distorted performance …

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts … noise and distortion of a performance measure can be measured. Courty and Marschke (2007) have recently developed an elegant … empirical test to detect distortion, based on the degradation of a performance measure subsequent to increasing its weight in …

We investigate the role of Relative Performance Evaluation (RPE) theory in CEO pay and turnover using a product … affecting the firm and its peers) while evaluating CEO performance and that the extent of filtering increases with the number of …

the announcement of a clawback adoption, as well as post-adoption stock and accounting performance, are significantly and …

adjusting for any risk). In the cross-section of funds, there is a substantial disconnect between lifetime performance and … incentive fees earned. These poor outcomes stem from the asymmetry of the performance contract, investors' return …

them to either a prosocial or a commercial job. Our data suggest that the mission of a job itself has a performance …

performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … expectancy theory; noisier performance measures do not lower work motivation. …

We develop a measurement-error framework for assessing the quality of relative-performance metrics designed to filter … out the systematic component of performance, and analyze relative total shareholder return (rTSR)-the predominant metric … market participants use to isolate managers' idiosyncratic performance-chosen by boards to evaluate managers. Among firms …

Using Dutch data, we examine the characteristics of establishments that operate performance appraisal systems. Our … of performance appraisal systems. There is also a positive relationship between teamwork and performance appraisal. (2 … greater use of performance appraisal. (4) Public sector affiliation, establishment size and establishment age also play a role. …

Einflussfaktoren: Unternehmens-, Performance- und Corporate Governance-Merkmale. Bereits ein einfaches, die Unternehmensgröße … Vergütungspakete gewähren und die Vergütungshöhe in diesen Unternehmen stärker an die Unternehmensgröße und die operative Performance …