In recent years, the success of open source software (OSS) has attracted proprietary software firms, who now actively participate, and sponsor OSS development. Though researchers agree that for the progress of OSS projects, financial support, rewards, and incentives are critical if not essential, we are yet to understand the dynamics of compensation structures/policies and their impact on the l...

INTRODUCTION Intra-articular knee fractures in children are rare. The Patient Compensation Association (PCA) receives claims for financial compensation from patients who believe they have sustained damage from their treatment in the health care system. We used relevant cases of closed claims to identify causality and co-factors contributing to these apparent malpractices. MATERIALS AND METHOD...

This paper develops a theory of capital allocation in opaque financial intermediaries. The model endogenizes risk management and capital structure decisions, and it provides a simple setting within which to address questions relating to capital budgeting, performance measurement, and employee compensation. It provides a theoretical foundation for understanding the appropriate use, and misuse, o...

*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. Recently, there has been strong public outrage against current pay practices for corporate CEOs, regardver the past few years, there has been strong public outrage against current pay practices for corporate CEOs. To deal with th...

according to article 3 of civil responsibility law (tort law), it is necessary for the judge to determine the amounts of damages by considering the  circumstances of the case. one of the instances of  such circumstances which may have an impact on determination of the amount of damages, as mentioned in article 4(2) of tort law, is financial status of the person causing the loss. following the s...

An increasing number of environmental protection programs offers financial compensation to farmers in exchange for conservation services. Incentive-compatible contracts can be designed to mitigate excess compensation, but the extant literature suggests that outcomes are always second-best so that other instruments (such as conservation auctions) may be preferred. We argue that the claim regardi...

Social Incentives Matter: Evidence from an Online Real Effort Experiment Contributing to a social cause can be an important driver for workers in the public and nonprofit sector as well as in firms that engage in Corporate Social Responsibility activities. This paper compares the effectiveness of social incentives to financial incentives using an online real effort experiment. We find that soci...

We estimate the relation between union presence and executive compensation using a unique panel of executives in publicly listed US firms during the period 1992-2001. We find evidence that union presence is associated with lower levels of total executive compensation. We find this union effect to be primarily the result of substantially lower stock option awards, and to a lesser extent due to l...

Managerial Hedging and Incentive Compensation in Stock Market Economies Incentive compensation exposes managers to the risk of their firms. Managers can hedge their aggregate risk exposure by trading in financial markets, but cannot hedge their firmspecific exposure. This gives them an incentive to pass up firm-specific projects in favor of standard projects that contain greater aggregate risk....

Industrial Accident Compensation Insurance (IACI) has a history of about 50 yr, and is the oldest social insurance system in Korea. After more than 20 times of revision improvements in benefits, its contents and claim systems have been upgraded. It became the protector of injured workers and their families, and at the same time became the system which could cope with both financial burden of em...