2007, English, Article edition: Performance measurement, expectancy and agency theory [electronic resource] : an experimental study / by Randolph Sloof, Mirjam van Praag. Sloof, Randolph.

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Bookmark: http://trove.nla.gov.au/version/43419919
Published
  • Bonn, Germany : IZA, [2007]
Language
  • English

Edition details

Title
  • Performance measurement, expectancy and agency theory : an experimental study /​ by Randolph Sloof, Mirjam van Praag.
Author
  • Sloof, Randolph.
Other Authors
  • Praag, Mirjam van.
Published
  • Bonn, Germany : IZA, [2007]
Medium
  • [electronic resource]
Series
Subjects
Summary
  • "Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent's optimal effort is unrelated to the amount of noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant to changes in the distribution of the noise term, i.e. to expectancy. This suggests that enriching the economic (linear agency) model commonly applied within this area by including an expectancy parameter is not needed"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes
  • Title from PDF file as viewed on 10/​29/​2007.
  • Includes bibliographical references.
  • Also available in print.
Technical Details
  • System requirements: Adobe Acrobat Reader.
  • Mode of access: World Wide Web.
Language
  • English
Libraries Australia ID
Contributed by
Libraries Australia

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