S&P1500 firms awarded signing bonuses to a growing proportion of new top executives in recent years, with the payments averaging $2.5 million from 1992 through 2011. Examining hand-collected data on 2,301 signing bonuses during that period, we find empirical evidence corroborating the signaling and incentive roles of the payments. Our research is the first empirical study on executive signing b...

We test a two-stage compensation mechanism for promoting cooperation in Prisoner’s Dilemma games. Players first simultaneously choose binding non-negative amounts to pay their counterparts for cooperating, and then play the induced game knowing these amounts. In our games, all payment pairs consistent with mutual cooperation in subgame-perfect equilibrium transform these games into coordination...

To provide relief to the U.S. labor market following onset of COVID-19 pandemic, CARES Act granted an extra $600 per week in UI benefit payments from late March through July 2020. This unprecedented increase generosity raised concern that recipients would be largely unwilling accept job offers, slowing recovery. Job acceptance decisions weigh value a against remaining unemployed. A reservation ...

I examine how a company's headquarters use an empire-building manager's report about decision-relevant private information to make capital budgeting decisions and compensate the manager. To this end, construct model comprising (principal) manager (agent), who reports on investment project's expected profitability. identify optimal sizes compensation payments, where trade off managerial rents – ...

This study aims to analyze the implementation of Compensation Payments as an Effort Recover State Financial Losses in Corruption Crimes paid by perpetrators criminal acts future. research uses a normative method that is prescriptive nature because it focuses on norms prioritize legal materials form library materials, examines principles, system, and synchronization analyzing them, using statuto...

Executive pay clawback provisions require executives to repay previously received compensation under certain circumstances, such as a downward adjustment the financial results upon which their incentive was predicated. The use of these is on rise, and SEC expected soon finalize rules implementing mandatory, no-fault requirement enacted part Dodd-Frank legislation. tax issue raised by clawbacks ...

BACKGROUND Previous studies on informal patient payments have mostly focused on the magnitude and determinants of these payments while the attitudes of health care actors towards these payments are less well known. This study aims to reveal the attitudes of Hungarian health care consumers towards informal payments to provide a better understanding of this phenomenon. METHODS For the analysis,...

Present study investigates the effect of soaring residential electricity price on the welfare of rural individuals in Guilan Province by Almost Ideal Demand System (AIDS) in which the elasticity’s and welfare variations were calculated by Compensation Variations (CV) and Equivalent Variations (EV) for the time period of 1991-2012. It was shown that the absolute value of income and price elastic...

MPs have stepped up pressure on ministers to recognise “long covid” as an occupational disease and compensate frontline health other key workers living with its “debilitating” effects. The proposal by the All Party Parliamentary Group Coronavirus has won backing of 65 peers, well BMA.1 Layla Moran, a Liberal Democrat MP who chairs group, said that “heroes pandemic” contracted covid-19 while s...

How do markets spread risk when events are unknown or unknowable and where not anticipated in an insurance contract? While the policyholder can “hold up” the insurer for extra contractual payments, the continuing gains from trade on a single contract are often too small to yield useful coverage. By acting as a repository of the reputations of the parties, we show the brokers provide a coordinat...