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We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...
Persistent link: https://www.econbiz.de/10014047243
Commercial firms are increasingly tying the sales of their products with donations to a charitable cause. Apart from a charitable motive, offering these charity-linked bundles could be a strategic instrument for firms to increase profits. We report the results of an experiment that investigates...
Persistent link: https://www.econbiz.de/10011451516
performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly …-up phase of business have quite a substantial negative influence on performance as measured by the survival probability of the …
Persistent link: https://www.econbiz.de/10010325072
We focus on the dynamic relation between wage increases, promotions and job changes. We relate our empirical analyses to the theoretical model of Gibbons and Waldman (1999). In the empirical analyses we use the Portuguese matched employer-employee data Quadros de Pessoal. We conclude from...
Persistent link: https://www.econbiz.de/10010325375
By holding assets longer and increasingly focusing on growth strategies private equity firms enter the territory of strategic buyers. In one such strategy, a private equity firm buys a company and then builds on that “platform” through add-on acquisitions. We ask whether such serial...
Persistent link: https://www.econbiz.de/10012427141
This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising … natural research setting, because performance can be observed at the individual level and without the obscuring effects of … higher incentives, but choke when the incentives are really high. Professional players similarly display better performance …
Persistent link: https://www.econbiz.de/10012114753
performance in developing economies looks at variations in impact across specific characteristics of the studies. A marginal year …
Persistent link: https://www.econbiz.de/10010324769
effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival … founders, we conclude that specific investments indeed affect the three performance measures substantially and significantly …
Persistent link: https://www.econbiz.de/10010324773
performance. The entrepreneur's human capital is, though, only one of the input factors into the production process of her venture … formulate the following proposition: The performance of an entrepreneur is not only affected positively by her own education … year t and several measures of the performance of individual entrepreneurs in that same country and year, including …
Persistent link: https://www.econbiz.de/10010325662
How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences … show furthermore that entrepreneurs have higher returns to education than employees (in terms of the comparable performance …
Persistent link: https://www.econbiz.de/10010325994