Despite the potential importance of awards as a possible career catalyst, the theoretical and empirical research on awards is still in its infancy. Here, we address this notable shortcoming in the economic literature by exploring data from German youth football. Analyzing whether an early career...

This paper studies life cycle creativity among Nobel laureate economists. We identify two distinct life cycles of scholarly creativity. Experimental innovators work inductively, accumulating knowledge from experience. Conceptual innovators work deductively, applying abstract principles. We find...

Firms winning the R&D 100 Award, a prestigious award for technology breakthroughs in product inventions, provide significantly higher subsequent stock returns. We hypothesize that such return predictability stems from the awarded firms' access to high-end markets in segmented markets. We develop...

In mainstream business and economics, prizes such as the Presidential Medal of Freedom are understood as special types of incentives, with the peculiar features of being awarded in public, and of having largely symbolic value. Informed by both historical considerations and philosophical...

Many firms recognize exceptional supplier performance by giving out a "Supplier of the Year" or "Outstanding Supplier" award. These awards are usually symbolic since they have no immediate monetary value for a supplier and no direct cost to a buyer. Giving these awards can be beneficial for a...

The purpose of this paper is to assess whether the implementation of excellence approach in area of a total quality management (TQM) positively affects the financial performance of the Czech companies. This paper test whether the adoption of excellence model approach from European Foundation of...

During the 1990s, many countries revealed their demands to improve quality for the promotion the competitiveness of their companies with others in global market by a national policy for quality. They focused in three areas for developing quality management such as TQM, ISO 9000, and National...

Using a new identification strategy and unique, rich data on Nobel laureates, we show that being in new or multiple locations, as measures of exposure to novel combinations of ideas, and the number of other local important innovators, all increase the probability that eventual Nobel laureates...

Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.

We investigate the impact of the "Metrobank Award for Outstanding Teachers" using a unique dataset from a survey of teachers who competed from 1988 to 2010. Our study is one of the firsts to use income as the primary indicator of success. When the sample is limited to those who were actively...

The digital revolution has led to a quantification of ever more areas of human life and society. At the same time, there is an explosion of the number of awards, which by their very nature are based on non-quantified performance. Will quantification take over completely, leading to...

The aim of this study is to discuss “human resource” focus in total quality management awards (TQM Awards). TQM Awards are Malcolm Baldrige National Quality Award, European Quality Award (EFQM), Deming Prize of Japan, and ISO9000 Series. The Baldrige emphasizes performance excellence. Deming...

This article tests the effects of Oscar awards on the production of feature films. Time series data for Spain over the 1953-2014 period are used and a production function is estimated assuming that the Oscar effects accrue through the total factor productivity. A lag structure is introduced...

Orden und Ehrenzeichen werden in der Bundesrepublik kaum wahrgenommen, das Ansehen von staatlichen Auszeichnungen ist im Vergleich zu anderen Ländern eher gering. Allerdings können nicht-materielle Ehrungen für freiwillig Engagierte motivierend wirken, weshalb es in Zeiten mit steigendem...

Prizes for innovations are currently experiencing a renaissance, following their marked decline during the nineteenth century. However, Daguerre's “patent buyout,” the longitude prize, inducement prizes for butter substitutes and billiard balls, the activities of the Royal Society of Arts...

Known as one of the primary architects of the Black-Scholes model, Myron S. Scholes applied his love of economic research to developing a fundamental tool of valuation that would become the standard in financial markets around the world. Together with fellow pioneers Fischer Black and Robert C....

Prizes for innovations are currently experiencing a renaissance, following their marked decline during the nineteenth century. However, Daguerre's "patent buyout," the longitude prize, inducement prizes for butter substitutes and billiard balls, the activities of the Royal Society of Arts and...

Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...

This paper investigates the impact of different driving behavior evaluation systems on the distribution of monetary rewards for economic driving. It starts with an introduction into truck telematics systems as the most prominent data source for the assessment metrics. Two specific systems are...