The System of Incentives for Managers with Multitasks
The System of Incentives for Managers with Multitasks

Author: Chong-En Bai

Publisher:

Published: 2001

Total Pages: 0

ISBN-13:

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The multitask principal-agent theory argues that incentive devices for the agent tend to be complementary due to the need for balanced allocation of effort among the tasks. A growing body of empirical literature appears to support this notion. However, when there can be several signals for each of the tasks, incentive devices based on individual signals for each task can be complements or substitutes for one another. This paper studies the complementarity and substitutability theoretically and empirically. The theoretical study extends the framework of Holmstrom and Milgrom (1994) to incorporate the case of multiple signals for some tasks. The empirical work is based on a rich panel data set of managerial incentives from more than 300 Chinese state-owned enterprises. The empirical findings support most of the theoretical predictions but also suggest that profits are not the only objective of the Chinese government (the principal) in designing managerial contracts. Our findings about the determinants of the incentive devices offer support to some notions in the agency theory and the literature on incomplete contracts. state-owned enterprises.

Multitasking and Incentive Contracts
Multitasking and Incentive Contracts

Author: Veikko Thiele

Publisher: VDM Publishing

Published: 2007

Total Pages: 132

ISBN-13: 9783836422253

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Employees are generally charged with performing a collection of various tasks that contribute to firm value differently. The accountability for multiple tasks implies that employees can not only decide on their effort intensity, but also on how to allocate their effort across these tasks. To motivate employees, firms often utilize incentive contracts on the basis of objective performance measures. However, if individual performance evaluations do not accurately reflect employees' contributions to firm value, the application of such incongruent performance measures induces employees to place more emphasis on less valuable tasks relative to those with greater contributions to firm value. The author, Veikko Thiele, investigates and explicates the optimal design of incentive contracts in situations where employees are charged with multiple tasks (multitasking). He identifies and explores potential mechanisms aimed at motivating employees to implement more efficient effort allocations from a firm's perspective. This book specifically targets economists, executives, consultants, and companies.

Managing Through Incentives
Managing Through Incentives

Author: Richard B. McKenzie

Publisher: Oxford University Press, USA

Published: 1998

Total Pages: 348

ISBN-13: 0195119010

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This text explains how firms can improve the performance of the people on whom they depend - workers, customers, suppliers, stockholders - by managing the incentives system better. The author argues that incentives are not just a matter of money, but a range of factors which provide a set of rewards that encourage people to work towards a common goal of organizational success.

The 19th International Conference on Industrial Engineering and Engineering Management
The 19th International Conference on Industrial Engineering and Engineering Management

Author: Ershi Qi

Publisher: Springer Science & Business Media

Published: 2013-06-03

Total Pages: 1388

ISBN-13: 3642384420

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The International Conference on Industrial Engineering and Engineering Management is sponsored by the Chinese Industrial Engineering Institution, CMES, which is the only national-level academic society for Industrial Engineering. The conference is held annually as the major event in this arena. Being the largest and the most authoritative international academic conference held in China, it provides an academic platform for experts and entrepreneurs in the areas of international industrial engineering and management to exchange their research findings. Many experts in various fields from China and around the world gather together at the conference to review, exchange, summarize and promote their achievements in the fields of industrial engineering and engineering management. For example, some experts pay special attention to the current state of the application of related techniques in China as well as their future prospects, such as green product design, quality control and management, supply chain and logistics management to address the need for, amongst other things low-carbon, energy-saving and emission-reduction. They also offer opinions on the outlook for the development of related techniques. The proceedings offers impressive methods and concrete applications for experts from colleges and universities, research institutions and enterprises who are engaged in theoretical research into industrial engineering and engineering management and its applications. As all the papers are of great value from both an academic and a practical point of view, they also provide research data for international scholars who are investigating Chinese style enterprises and engineering management.

Operational Risk Management
Operational Risk Management

Author: Jasmijn Bol

Publisher: Business Expert Press

Published: 2021-05-15

Total Pages: 204

ISBN-13: 1637420137

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To remain viable, let alone competitive, organizations must manage risks. In this book, we explore the concept of operational risk as well as the mechanisms used to diminish the impact and occurrence of risks: the organizational control system. Since the scope and scale of operational risks are unique to each organization, our objective is to explain the theory behind why and how managers respond to the unique combination of threats that challenge their organization. We emphasize employee management and the complexities surrounding the design of management controls, incentive systems in particular, because risks related to employee actions are faced by virtually every organization. Overall, we provide empirically grounded insights into the process of diagnosing operational risks as well as designing, implementing and maintaining a control system that properly manages those risks.

Design of Incentive Systems
Design of Incentive Systems

Author: Dennis D. Fehrenbacher

Publisher: Springer Science & Business Media

Published: 2013-05-28

Total Pages: 265

ISBN-13: 3642335993

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Monetary incentives, as a driving force for human behavior, are the main theme of this book. The primary goals underlying the application of monetary incentive systems in companies are motivating employees to strive for superior productivity in line with the interests of employers, and hiring adequately skilled employees. The first goal refers to incentive effects, the latter to sorting effects. This book introduces important theories and concepts concerning behavior under influence of monetary incentives; it reviews existing economic frameworks and identifies specific contingency variables. Based on an integrative framework of elements influencing incentive and sorting effects, a laboratory experiment is presented including detailed methodological discussion on experimentation and data analysis as well as an extensive presentation of findings and discussion of implications.​

Organizational Culture and Paradoxes in Management
Organizational Culture and Paradoxes in Management

Author: Saulo C. M. Ribeiro

Publisher: Routledge

Published: 2020-05-17

Total Pages: 305

ISBN-13: 0429560737

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Studies on culture, change and social processes within organizations have been historically organized around orthogonal approaches. While the literature on change has focused on creating pragmatic, generally simple methodologies that bypass the complexity of the data in order to emphasize the possibility of intervention, literature aimed at truly understanding of the firm and its processes has emphasized the ambiguity of organization and the difficulties involved in reaching a unitary view of its processes, let alone creating a single theory of change. Finally, the literature on family businesses has been restricted to limited views of the field, disregarding the rich insights brought by psychology, sociology or anthropology. The result of these trends has been a gap in the creation of knowledge, with a paucity of studies that link theory with practice and ground change on a comprehensive view of the social reality of the firm. This book addresses both the specific need of family businesses and the broader demands of any organization in which the issue of culture is seriously considered. Drawing on the notions and scholarship on organizations and sociology, the author proposes new concepts and tools for the change agents interested in working with the instrumental rules of the firm with the cohesive tone of the family. Organizational Culture and Paradoxes in Management will be of value to students at an advanced level, academics and reflective practitioners. It addresses the topics with regard to management and organizational studies and will be of interest to organizational scholars, consultants and leaders interested in fostering a meaningful culture within organizations and family businesses.

Public Policy and Performance Management in Democratic Systems
Public Policy and Performance Management in Democratic Systems

Author: Shlomo Mizrahi

Publisher: Springer

Published: 2017-03-29

Total Pages: 186

ISBN-13: 3319523503

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This book applies various theoretical tools to explore the advantages and disadvantages of performance management systems, the ways in which they can be improved, and the strategies through which they can be designed and integrated into the policy making process. By providing both theoretical insights and practical applications, it offers a unique perspective. Using four methods of research that have been rarely applied in the performance management literature: formal (game-theoretical) modelling, operational management, new institutionalism, and cross country statistical comparisons based on international data sets, the book illuminates different aspects of performance management systems in the public sector. It offers an integrative theoretical framework for explaining and designing such systems and their integration into the policy making process, and will open up new avenues of research, expose scholars and students to new methodological tools and equip public officials, politicians and citizens with practical methods for improving the performance of the public sector.

ICEMME 2022
ICEMME 2022

Author: Nikolaos Freris

Publisher: European Alliance for Innovation

Published: 2023-02-15

Total Pages: 2592

ISBN-13: 1631903853

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It is our great pleasure to have you at the 2022 4th International Conference on Economic Management and Model Engineering (ICEMME 2022), which was held in Nanjing, China from November 18th to 20th (virtual event). It is an international forum for academic communications between experts and scholars in the fields of economic management and model engineering. The main objective of ICEMME 2022 is to provide a platform to deliberate latest developments and future directions in the fields of economic management and model engineering. The conference provided opportunities for the delegates to exchange research ideas and scientific information, and established business or research relations for all participants to find global partners for future collaboration.