Search results for "Incentive"
showing 10 items of 297 documents
Macroeconomic Fluctuations as a Source of Luck in CEO Compensation
2010
Macroeconomic fluctuations such as interest rate and exchange rate can be considered sources of good or bad “luck” for corporate performance. Incentive effects of performance-based compensation for management may be weakened or biased by macroeconomic influences depending on the ability of management to adjust for operations. We decompose the impacts on CEO compensation to distinguish between macroeconomic (anticipated and unanticipated) and “intrinsic” sources. Total CEO compensation is measured by including options awarded or options exercised. Both measures depend strongly on variations in macro factors but the time patterns differ. The macroeconomic factors increased total awarded compe…
A critical perspective on Integrated Project Delivery (IPD) applied in a Norwegian public hospital project
2020
Does the IPD concept deliver as required and expected, and if not, how can that be explained? This paper is a critical realist inspired methodology based on a combination of the inductive and deductive approaches used in case study research. IPD is based on relational contracting between multiple parties, in this case between the Owner, Contractor, MEP subcontractors and a group of Consulting engineers who share control of the project. At the core of the concept is shared risk and opportunities among the parties in the IPD contract. Our theoretical perspectives are based mainly on the Principal-Agent theory (PA), Transaction Cost theory (TC), and its related incentives. This paper reports o…
Stimulating economic growth in the least developed countries: direct cash transfers for the retired via mobile phones
2013
The result of current aid policies is that only a small percentage of foreign aid reaches the poorest of the poor in the least developed countries. Current trends of urbanisation and self-reliance place elderly people in an increasingly difficult situation. This paper aims to stimulate debate by introducing an alternative mechanism for foreign aid. With the help of an economic model, we demonstrate how direct cash transfers to elderly people can spur economic growth. Targeting all elderly people above a certain age minimises selection costs and removes perverse incentives. The use of new mobile phone technologies reduces transaction costs and makes our proposed modality feasible including i…
Essentials of Common Industrial Policy
2021
A set of sixteen principles of modern industrial policy is derived from the literature for application to entire regions. Such policy strives to create industrial commons and to rectify market failures which cannot reasonably be expected to self-correct over time. This chapter creates a workable typology of genuine regional industries, distinguishing two main types: Type I is the outcome of targeted selection and Type II of broad investment promotion. A ‘dual core’ of both types is appropriate to most African industrial ecosystems. The chapter goes on to clarify the distinction between regional production networks and stand-alone ‘lighthouses’. The incentive system for regional industries i…
The nature of managerial commitment to strategic change
2000
This article explores the nature of managerial commitment to such strategic changes as downsizing and quality improvement. Its purpose is to develop a theoretical framework of managerial commitment. Findings from a qualitative study are presented resulting in the classification of commitment in two dimensions: reward‐based and trust‐based commitments. A theoretical typology of the four types of managerial commitment is developed based on the dimensions: passive, calculative, trustful, and balanced types of commitment. The article argues that the general assumptions in commitment literature that people need material, social or psychological incentives and rewards which facilitate identificat…
La tradición clásica como referencia de vanguardia: la Antigüedad griega y romana en la obra del pintor Gregorio Prieto (1897-1992)
2019
This article analyses the impact of classical tradition on the artistic production of Gregorio Prieto (1897-1992), painter par excellence of the Generation of 1927. It will be discovered how this influence, far from becoming a conservative reference, would constitute an incentive for his entailment with the avant-garde, especially with surrealism. Although the classic trace is found with more intensity in the creations produced during his Roman years, between 1928 and 1929, when he also made important trips to Sicily and Greece, Greece and Rome would nevertheless continue to be constitutive of his aesthetic experience throughout his later and extensive career.
Crowdfunding in Africa: Opportunities and Challenges
2020
AbstractThe chapter presents the current state of crowdfunding research and practice in Africa while outlining opportunities and challenges associated with them. Conditions of growing popularity of digital and mobile finance, low penetration of traditional financial institutions, and a long cultural heritage of communal mutual support may enhance crowdfunding uptake. On the other hand, conditions of unclear regulation, relatively low levels of internet access, and societies characterized by low social trust may all hinder crowdfunding uptake. Accordingly, African crowdfunding is at its infancy and involves transitory hybrid practices of early adoption, often involving reliance on foreign co…
Tūristu ceļošanas motivācijas un to ietekmējošie faktori.
2018
Bakalaura darba tēma „Tūristu ceļošanas motivācijas un to ietekmējošie faktori”. Bakalaura darba mērķis - pamatojoties uz teorētiskām atziņām un iedzīvotāju aptaujas rezultātiem, izpētīt tūrisma ceļošanas motivācijas un to ietekmējošos faktorus, atklāt nepilnības un sniegt priekšlikumus tūristu piesaistes veicināšanai. Darbs sastāv no 3 nodaļām. Pirmajā nodaļā autore sniedz ar ceļošanas motivāciju saistītu teorētisko aspektu raksturojumu. Otrajā nodaļā tiek sniegta Latvijas iedzīvotāju ceļošanas motivāciju analīze. Trešajā nodaļā autore apkopo Latvijas tūristu ceļošanas iemeslus. Darbs sastāv no 76 lapapusēm, tajā ir iekļautas 17 tabulas, 22 attēli kā arī darbs papildināts ar 2 pielikumiwm.
The whip and the Bible : punishment versus internalization
2021
First published online: 27 August 2021 A variety of experimental and empirical research indicate that prosocial behavior is important for economic success. There are two sources of prosocial behavior: incentives and preferences. The latter, the willingness of individuals to “do their bit” for the group, we refer to as internalization, because we view it as something that a group can influence by appropriate investment. This implies that there is a trade-off between using incentives and internalization to encourage prosocial behavior. By examining this trade-off we shed light on the connection between social norms observed inside the laboratory and those observed outside in the field. For ex…
Comparative Analysis of Mega Road Construction Projects in Term of Innovation
2020
Purpose This paper examines, using critical realism, the causes and mechanisms of innovation in three civil road construction projects. Its focus is to examine how value can be created within the design process through innovation. Emphasis is placed on Best Value Procurement (BVP) as a procurement strategy where the preferred contractor is considered the expert, as it is the first case of its use in Norwegian road construction projects. Data was collected through surveys and interviews. Findings indicate that procurement using early involvement is innovative in the design process yet must be adapted, to allow for early planning of innovative ideas that help, to foster innovative solutions. …