search query: @indexterm incentives / total: 682
reference: 307 / 682
| Author: | Schröder, G. A. Schweizer, Th. |
| Title: | Anreizsysteme als Steuerungsinstrument in Sparkassen |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1999 : VOL. 51:6, p. 599-622 |
| Index terms: | SAVINGS BANKS GERMANY INCENTIVES MONETARY POLICY |
| Language: | ger |
| Abstract: | Monetary incentive schemes are gaining increasing importance in German savings banks. In the first section of our paper we derive the necessity for monetary incentives on the basis of the traditional principal-agent framework. Section two defines the various elements of an incentive scheme as well as the requirements to practicability in general. Those ele- ments are demonstrated at the example of Stadtsparkasse Köln (Commercial and Savings Bank of Cologne) in section three. They have an incentive scheme in place since the beginning of the 1990's. Practical experiences and the limits of incentive schemes in particular are discussed in section four. The major shortcommings identified are a certain short-term focus and a focus on individuals' personal in- terests or those of a particular entity within the company. |
SCIMA