Journal article | Zeitschriftenartikel
Performance measurement, expectancy and agency theory: an experimental study
Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant to changes in the distribution of the noise term. This suggests that enriching the economic model commonly applied within this area by including an expectancy parameter is not needed.
- Umfang
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Seite(n): 794-809
- Sprache
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Englisch
- Anmerkungen
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Status: Postprint; begutachtet (peer reviewed)
- Erschienen in
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Journal of Economic Behavior & Organization, 67(3-4)
- Thema
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Sozialwissenschaften, Soziologie
Erhebungstechniken und Analysetechniken der Sozialwissenschaften
- Ereignis
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Geistige Schöpfung
- (wer)
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Sloof, Randolph
Praag, Mirjam van
- Ereignis
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Veröffentlichung
- (wann)
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2008
- DOI
- URN
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urn:nbn:de:0168-ssoar-263118
- Rechteinformation
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
Datenpartner
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Zeitschriftenartikel
Beteiligte
- Sloof, Randolph
- Praag, Mirjam van
Entstanden
- 2008
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