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dc.contributor.authorFrey, Bruno S.en
dc.contributor.authorOsterloh, Margiten
dc.date.accessioned2009-01-28T15:52:34Z-
dc.date.available2009-01-28T15:52:34Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/18743-
dc.description.abstractCorporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot be overcome by improving variable pay for performance, as selfish extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to raise intrinsically motivated corporate virtue. More importance is to be attributed to fixed pay and strengthening the legitimacy of authorities by procedural fairness, relational contracts and organizational citizenship behavior.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1379en
dc.subject.jelD23en
dc.subject.jelD21en
dc.subject.jelL20en
dc.subject.jelJ33en
dc.subject.ddc330en
dc.subject.keywordagency theoryen
dc.subject.keywordintrinsic motivationen
dc.subject.keywordcrowding theoryen
dc.subject.keywordmanagement compensationen
dc.subject.keywordpay for performanceen
dc.subject.keywordorganizational citizenshipen
dc.subject.stwFührungskräfteen
dc.subject.stwLeistungsorientierte Vergütungen
dc.subject.stwAgency Theoryen
dc.subject.stwMotivationen
dc.subject.stwAnreizvertragen
dc.subject.stwUnternehmenskulturen
dc.subject.stwTheorieen
dc.subject.stwintrinsic motivationen
dc.titleYes, managers should be paid like bureaucrats-
dc.typeWorking Paperen
dc.identifier.ppn479117683en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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