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Author: Andrew H. Newman Publisher: ISBN: Category : Languages : en Pages :
Book Description
We investigate whether the effect of relative performance information on tournament performance depends on the tournament's prize structure. We focus on the effect of relative performance information on two tournament prize structures: a two-tier structure in which only the top performer receives a reward and all other contestants receive an equal payoff that is lower (reward tournament) and a three-tier prize structure in which the top performer receives a reward, the bottom performer receives a penalty equal to the amount of that reward, and all remaining contestants receive an equal intermediate payoff (reward and punish tournament). Drawing on both economic and psychology theory, we predict and find that, compared with when relative performance information is not present, relative performance information has a negative effect on performance in a reward tournament but a positive effect on performance in a reward and punish tournament. Supplementary analysis reveals that bottom and middle performers drive these differences in performance, which are due to both differences in effort and in adoption of overly risky strategies. Our results show that relative performance information can have a differential effect on performance depending on the tournament's prize structure. This insight can aid in the design of firm information systems and tournament incentive schemes.
Author: Andrew H. Newman Publisher: ISBN: Category : Languages : en Pages :
Book Description
We investigate whether the effect of relative performance information on tournament performance depends on the tournament's prize structure. We focus on the effect of relative performance information on two tournament prize structures: a two-tier structure in which only the top performer receives a reward and all other contestants receive an equal payoff that is lower (reward tournament) and a three-tier prize structure in which the top performer receives a reward, the bottom performer receives a penalty equal to the amount of that reward, and all remaining contestants receive an equal intermediate payoff (reward and punish tournament). Drawing on both economic and psychology theory, we predict and find that, compared with when relative performance information is not present, relative performance information has a negative effect on performance in a reward tournament but a positive effect on performance in a reward and punish tournament. Supplementary analysis reveals that bottom and middle performers drive these differences in performance, which are due to both differences in effort and in adoption of overly risky strategies. Our results show that relative performance information can have a differential effect on performance depending on the tournament's prize structure. This insight can aid in the design of firm information systems and tournament incentive schemes.
Author: Chris Akroyd Publisher: Emerald Group Publishing ISBN: 1803820330 Category : Business & Economics Languages : en Pages : 194
Book Description
Volume 34 of Advances in Management Accounting uses a variety of methods, from experiments to surveys, to build upon existing knowledge within the management accounting discipline.
Author: Theresa Libby Publisher: Routledge ISBN: 1317487990 Category : Business & Economics Languages : en Pages : 656
Book Description
Behavioural research is well established in the social sciences, and has flourished in the field of accounting in recent decades. This far-reaching and reliable collection provides a definitive resource on current knowledge in this new approach, as well as providing a guide to the development and implementation of a Behavioural Accounting Research project. The Routledge Companion to Behavioural Accounting Research covers a full range of theoretical, methodological and statistical approaches relied upon by behavioural accounting researchers, giving the reader a good grounding in both theoretical perspectives and practical applications. The perspectives cover a range of countries and contexts, bringing in seminal chapters by an international selection of behavioural accounting scholars, including Robert Libby and William R. Kinney, Jr. This book is a vital introduction for Ph.D. students as well as a valuable resource for established behavioural accounting researchers.
Author: Denis Drechsler Publisher: GRIN Verlag ISBN: 3656995443 Category : Business & Economics Languages : en Pages : 24
Book Description
Seminar paper from the year 2004 in the subject Leadership and Human Resources - Miscellaneous, grade: 1, University of Wisconsin-Milwaukee, language: English, abstract: Wie lassen sich Unterschiede im Lohnniveau erklären? Tournament Theory vertritt die Ansicht, dass Firmen eine auf Anreize ausgelegte Beförderungsstrukture wählen, die einem Turnier gleicht. Damit, so die Befürworter der Theorie, lassen sich die hohen Gehälter von Unternehmensvorständen sowie die weite Spanne zwischen den Gehältern der Unternemensführung sowie der übrigen Belegschaft erklären. Die vorliegende Arbeit präsentiert die Grundtheorie und erläutert anhand vieler Beispiele, wie diese Anwendung finden kann im täglichen Leben. Untersucht werden u.a. die Bereiche des professionellen Sports, große Aktienunternehmen sowie kleine und mittelständische Unternehmen.
Author: Tanner Wilkerson Publisher: Scientific e-Resources ISBN: 1839472103 Category : Languages : en Pages : 312
Book Description
Economics is a social science which deals with human wants and their satisfaction. It is mainly concerned with the way in which a society chooses to employ its scarce resources which have alternative uses, for the production of goods for present and future consumption. The theory of factor pricing is concerned with the principles according to which the price of each factor of production is determined and distributed. The distribution of factors of production can be of two types, namely personal and functional. Personal distribution is concerned with the distribution of income among different individuals. Public finance deals with the economics of government. It studies mainly about the income and expenditure of government. So we have to study about different aspects relating to taxation, public expenditure, public debt and so on. Oligopoly falls between two extreme market structures, perfect competition and monopoly. Oligopoly occurs when a few firms dominate the market for a good or service. This implies that when there are a small number of competing firms, their marketing decisions exhibit strong mutual interdependence. By mutual interdependence we mean that a firm's action say of setting the price has a noticeable effect on its rival firms and they are likely to react in the some way. Each firm considers the possible reaction of rivals to its price and product development decisions. In economics and particularly in industrial organization, market power is the ability of a firm to profitably raise the market price of a good or service over marginal cost. In perfectly competitive markets, market participants have no market power. A firm with total market power can raise prices without losing any customers to competitors. Market participants that have market power are therefore sometimes referred to as "e;price makers"e; or "e;price setters"e;, while those without are sometimes called "e;price takers"e;. Significant market power occurs when prices exceed marginal cost and long run average cost, so the firm makes profit. This unique work treats economic growth and development in terms of a theory which is applicable to an economy in the post-industrial, developing, and emerging stages.
Author: Barry Gerhart Publisher: SAGE ISBN: 0761921079 Category : Business & Economics Languages : en Pages : 320
Book Description
`Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices' - Alison Barber, Eli Broad College of Business, Michigan State UniversityCompensation provides a comprehensive, research-based review of both the determinants and effects of compensation. Combining theory and research from a variety of disciplines, authors Barry Gerhart and Sara Rynes examine the three major compensation decisions - pay level, pay structure and pay delivery systems.Revealing the impact of different compensation policies, this interdisciplinary volume examines: the relationship between performance-based pay and intrinsic motivation; implications of individual pay differentials for team or unit performance; the consequences of pay for performance policies; effect sizes and practical significance of compensation findings; and directions for future research.Compensation considers why organizations pay people the way they do and how various pay strategies influence the success of organizations. Critically evaluating areas where research is inconsistent with common beliefs, Gerhart and Rynes explore the motivational effects of compensation.Primarily intended for graduate students in human resource management, psychology, and organizational behaviour courses, this book is also an invaluable reference for compensation management consultants and organizational development specialists.
Author: OECD Publisher: OECD Publishing ISBN: 9264034358 Category : Languages : en Pages : 246
Book Description
This book identifies good practices in the design and implementation of evaluation and teacher incentive systems from various perspectives through formulation, stakeholder negotiation, implementation, monitoring and follow-up.
Author: Theofanis Tsoulouhas Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The papers in this symposium reflect several of the directions taken by current research on tournaments, contests and relative performance evaluation. The papers help us understand the implications of agent heterogeneity on the incentives of agents to perform or self-select the offers designed for them. They encompass various issues such as career concerns and promotion incentives, interim disclosure of information obtained by the principal about agent performance, exposure to risk choices, and competing for talent.
Author: Andrew H. Newman
Author: Andrew H. Newman
Author: Chris Akroyd
Author: Theresa Libby
Author: Denis Drechsler
Author: Tanner Wilkerson
Author: 
Author: Barry Gerhart
Author: OECD
Author: Orley Ashenfelter
Author: Theofanis Tsoulouhas