A. Pepper

The Economic Psychology of Incentives (eBook, PDF)

New Design Principles for Executive Pay

• Format: PDF

Produktbeschreibung

This book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.

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Produktdetails

• Verlag: Palgrave Macmillan UK
• Seitenzahl: 181
• Erscheinungstermin: 7. Juli 2015
• Englisch
• ISBN-13: 9781137409256
• Artikelnr.: 43976011

Autorenporträt

Alexander Pepper is Professor of Management Practice in the Department of Management at the London School of Economics and Political Science, UK. He was previously a partner at Pricewaterhousecoopers, where he held various senior management roles, including Global Leader of the Human Resource Services consulting practice from 2002-2006.

Inhaltsangabe

1. Introduction 2. Long-term incentive plans 3. Behavioural agency theory 4. Risk, uncertainty and time discounting 5. Intrinsic motivation and the crowding-out conjecture 6. Fairness as a precondition for profit-seeking 7. New design principles for executive pay