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Yes, Managers Should Be Paid Like Bureaucrats
Frey, Bruno S.; Osterloh, Margit - 2004
extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …
Persistent link: https://www.econbiz.de/10012168201
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Yes, Managers Should Be Paid Like Bureaucrats
Frey, Bruno S.; Osterloh, Margit - Center for Research in Economics, Management and the … - 2004
extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …
Persistent link: https://www.econbiz.de/10005162590
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Yes, Managers Should Be Paid Like Bureaucrats
Frey, Bruno S.; Osterloh, Margit - 2021
extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …
Persistent link: https://www.econbiz.de/10013319244
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Corporate governance myths : comments on Armstrong, Guay, and Weber
Brickley, James A.; Zimmerman, Jerold L. - 2010
This paper argues that academics, politicians, and the media have six commonly held but misguided beliefs about corporate governance. While Armstrong, Guay, and Weber (2010) discuss some of these misconceptions, a wider recognition that these beliefs are actually “myths” is important. They...
Persistent link: https://www.econbiz.de/10008695774
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Yes, Managers Should Be Paid Like Bureaucrats
Frey, Bruno S.; Osterloh, Margit - CESifo - 2005
extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …
Persistent link: https://www.econbiz.de/10005766059
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Exploitation aversion : when financial incentives fail to motivate agents
Carpenter, Jeffrey P.; Dolifka, David - 2013
rewards to performance increases effort, but that they can also backfire, reducing effort. Intrinsic motivation, the internal …. If the incentives crowd-out intrinsic motivation, and the effect is large enough, the net motivational effect on effort …, is one facet of intrinsic motivation, triggered by the combination of high-powered incentives and egoistic principal …
Persistent link: https://www.econbiz.de/10009771729
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High-powered performance pay and crowding out of non-monetary motives
Huffman, David; Bognanno, Michael Leonard - 2018
, however, with a minority of workers report crowding in of motivation. Thus, the impact of performance pay might depend on the …
Persistent link: https://www.econbiz.de/10011946785
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On the Hidden Costs of Incentive Schemes
Sliwka, Dirk - 2003
's motivation. In a first step, we allow for the possibility that some agents stick to unverifiable agreements. The larger the …
Persistent link: https://www.econbiz.de/10010263084
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Performance Incentives within Firms : The Effect of Managerial Responsibility
Aggarwal, Rajesh K.; Samwick, Andrew A. - 2000
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...
Persistent link: https://www.econbiz.de/10014027832
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Performance pay and risk aversion
Grund, Christian; Sliwka, Dirk - 2006
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...
Persistent link: https://www.econbiz.de/10010365868