Monetary and nonmonetary incentive measures: which work better in the Czech betting firm?
In this paper I examine the interrelation between monetary and non monetary incentive measures and the performance of a betting firm in the Czech Republic. Previous studies have focused either solely on monetary measures in order to examine the positive and adverse monetary incentive effects or on measuring the effect of certain non monetary managerial objectives and often on the level of top managers. I argue that the monetary and non monetary incentive measures should be analyzed separately as they influence the final outcome in a methodologically different way and that the analysis on lower level of organization can bring more reliable data. The evidence from unique set of medium term data from the Czech betting firm shows the possible positive effect of increased wage variability on its performance while the effect of trainings and nonmonetary rewards were proven as insignificant.
|Date of creation:||05 Oct 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jeffrey Carpenter & Erika Seki, 2005.
"Competitive Work Environments and Social Preferences: Field experimental evidence from a japanese fishing community,"
Middlebury College Working Paper Series
0513, Middlebury College, Department of Economics.
- Carpenter Jeffrey P & Seki Erika, 2005. "Competitive Work Environments and Social Preferences: Field Experimental Evidence from a Japanese Fishing Community," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(2), pages 1-25, December.
- Erika Seki & Jeff Carpenter, 2006. "Competitive work environments and social preferences: Field experimental evidence from a japanese fishing community," Artefactual Field Experiments 00032, The Field Experiments Website.
- Carpenter, Jeffrey P. & Seki, Erika, 2005. "Competitive Work Environments and Social Preferences: Field Experimental Evidence from a Japanese Fishing Community," IZA Discussion Papers 1691, Institute for the Study of Labor (IZA).
- Tirole, Jean, 1986. "Hierarchies and Bureaucracies: On the Role of Collusion in Organizations," Journal of Law, Economics and Organization, Oxford University Press, vol. 2(2), pages 181-214, Fall.
- Edward P. Lazear & Sherwin Rosen, 1979.
"Rank-Order Tournaments as Optimum Labor Contracts,"
NBER Working Papers
0401, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:25933. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.