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Quasi|experimental Evidence on the “RPE Puzzle”


Quasi-experimental Evidence on the “RPE Puzzle”

Quasi-experimental Evidence on the “RPE Puzzle”. Matthew J. Bloomfield1, Catarina Marv˜ao2, and Giancarlo Spagnolo3. 1The Wharton School of ...

Relative performance evaluation, sabotage and collusion

Until fairly recently, the vast majority of firms did not use any RPE in their CEO's pay packages, at all; a fact known as the “RPE puzzle.” To shed light ...

A Behavioral Explanation - of the Relative Performance - jstor

for the RPE Puzzle. We rely on the human tendency to compare outcomes with ... ical evidence that finds little evidence of RPE in the compensation data.

A simple explanation of the relative performance evaluation puzzle

This provides a simple explanation of the Relative Performance Evaluation (RPE) Puzzle ... Aggarwal et al. Executive compensation, strategic competition, and ...

A Behavioral Explanation of the Relative Performance Evaluation ...

15 The literature on social concerns has found evidence (mostly experimental) ... 8 For theoretical explanations of the RPE puzzle see Celentani ...

The Relative Performance Puzzle | Semantic Scholar

Relative Performance Evaluation, Sabotage and Collusion: Quasi-experimental Evidence on the “RPE Puzzle” · Economics, Business · 2019.

Relative Performance Evaluation and Strategic Differentiation

... RPE puzzle: Optimal contracts for CEOs who face differentiation ... Several studies provide empirical evidence favoring the strategic ...

PIC References for PURR - Purdue University Research Repository

Performance Evaluation, Sabotage and Collusion: Quasi-experimental Evidence on the. “RPE Puzzle.” Working Paper. (September 16, 2019): 53 pp. [https://pdfs ...

(PDF) A simple explanation of the relative performance evaluation ...

... RPE puzzle can be resolved and one-sided RPE can be explained by a standard moral hazard model if the marginal returns of managerial effort depend on an ...

DISCUSSION PAPER SERIES - CEPR

A strong majority of firms do not use any RPE in their CEO's pay packages, a fact which has come to be known as the “RPE puzzle.” We develop ...

Relative Performance Evaluation, Sabotage and Collusion - CRESSE

A strong majority of firms do not use any RPE in their CEO's pay packages, a fact which has come to be known as the “RPE puzzle.” ... Future quasi-experimental ...

Relative Performance Evaluation and Executive Compensation

... RPE puzzle,” i.e., the reluctance of firm owners to use RPE as a ... (2023) provide quasi-experimental evidence for a causal influence of.

A Behavioral Explanation of the Relative Performance Evaluation ...

The purpose of the present paper is to put forward a behavioral explanation for the. RPE Puzzle. ... empirical evidence that finds little evidence ...

Relative Performance Evaluation, Sabotage and Collusion

In industries of below-median concentration, we find no evidence to suggest that cartel membership is associated with RPE. ... RPE puzzle.” To ...

Tournament Rewards and Risk Taking | Journal of Labor Economics

On the Mediocrity Puzzle, which is much less established in the literature than the RPE Puzzle ... Experimental Evidence, SSRN Electronic Journal 100 (Jan 2020).

RELATIVE PERFORMANCE EVALUATION IN EXECUTIVE ...

... studies find mixed evidence for the use. Page 16. Chapter 1: Introduction. 2 of RPE (an outcome known as the “RPE puzzle”; e.g., Murphy, 1999; Prendergast, 1999) ...

Relative Piece-rate, Tournament and Piece-rate schemes

is referred in the literature as the “RPE puzzle.”7. Our study contributes to the growing experimental literature that test the behavioral ...

Management of Holding and Evaluating Comprehensive System of ...

... evidence indicates that the traditional exams. (paper based) ... (RPE) Puzzle--the documented lack of a negative relationship between ...

Performance Targets and Peer Comparisons: Theory and Evidence ...

... quasi-linear utility and linear cost functions, whereas Nalebuff and ... In the search to answer this “RPE puzzle”, empirical research ...

Table of Contents - The Institute for Business and Finance Research

on top executive compensation has found no evidence of RPE. This fact has been termed as the. “RPE puzzle”. This paper provides a theoretical analysis on R&D ...