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| Content Provider | Springer Nature Link |
|---|---|
| Author | Asseburg, Holger Hofmann, Christian |
| Copyright Year | 2009 |
| Abstract | Anreizsysteme auf Basis einer relativen Performancebewertung ermöglichen über das Filtern systematischer Risiken effizientere Anreize zum Arbeitseinsatz und beeinflussen die Absatzentscheidungen des eigenen Managers sowie das Wettbewerbsverhalten anderer Marktteilnehmer. Der Beitrag untersucht in einem Principal/Agent-Modell den Einfluss von Produktmarkteigenschaften auf die optimale Performancebewertung sowie die daran geknüpften Anreize. Die Modellergebnisse zeigen, dass die optimale Performancebewertung stark von Wettbewerbsform, Zeitpunkt der Absatzentscheidungen sowie Produkteigenschaften abhängt. Für empirische Vergütungsstudien liefert der Beitrag eine theoretische Fundierung für das Bilden branchenbezogener Vergleichsgruppen. Für die Unternehmenspraxis folgt, dass die jeweils zweckmäßige Performancebewertung erheblich von Unternehmens- sowie Brancheneigenschaften bestimmt wird und allgemeinverbindliche Empfehlungen deshalb zu Effizienzverlusten führen können.Relative Performance Evaluation aims at reducing incentive risk imposed on a manager, and at influencing product market choices. Thereby, firm owners can choose stronger effort incentives, and they may reduce the degree of competition with the firm’s competitors. Within a principal/agent-model, we explore the interrelation between characteristics of product market competition, performance evaluation, and incentives. Our results show that a firm’s optimal performance evaluation significantly depends on the characteristics of product market competition. This implies that a firm’s optimal choice of performance evaluation is firm- and industry-specific. Hence, our results support the industry-selection-approach recently applied in empirical compensation studies. |
| Starting Page | 817 |
| Ending Page | 846 |
| Page Count | 30 |
| File Format | |
| ISSN | 00442372 |
| Journal | Zeitschrift für Betriebswirtschaft |
| Volume Number | 79 |
| Issue Number | 7 |
| e-ISSN | 18618928 |
| Language | English |
| Publisher | VS Verlag für Sozialwissenschaften |
| Publisher Date | 2009-07-30 |
| Publisher Place | Wiesbaden |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Incentives Product market Relative Performance Evaluation Business/Management Science Management/Business for Professionals Organization/Planning Accounting/Auditing Personnel Management Production/Logistics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Business and International Management Economics and Econometrics |
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