Tekijä: | Baker, G. P. Jensen, M. C. Murphy, K. J. |
Otsikko: | Compensation and incentives : Practice vs. theory. |
Lehti: | Journal of Finance
1988 : JUL, VOL. 43:3, p. 593-616 |
Asiasana: | ECONOMIC THEORY PAY PROFIT SHARING PERFORMANCE APPRAISAL |
Kieli: | eng |
Tiivistelmä: | A thorough understanding of internal incentive structures is critical to developing a viable theory of the firm since these incentives determine to a large extent how individuals inside an organization behave. Many common features of organizational incentive systems are not easily explained by traditional economic theory. Typical explanations for these features offered by behaviorists and practitioners are distinctly uneconomic. The challenge to economists is to provide viable economic explanations for these practices or to integrate the alternative notions into the traditional economic model. |
SCIMA