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Träfflista för sökning "WFRF:(Fang Dawei 1983) srt2:(2020)"

Sökning: WFRF:(Fang Dawei 1983) > (2020)

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1.
  • Fang, Dawei, 1983, et al. (författare)
  • Turning Up the Heat: The Discouraging Effect of Competition in Contests
  • 2020
  • Ingår i: Journal of Political Economy. - : University of Chicago Press. - 0022-3808 .- 1537-534X. ; 128:5, s. 1940-1975
  • Tidskriftsartikel (refereegranskat)abstract
    • We study contests in which contestants are homogeneous and have convex effort costs. Increasing contest competitiveness, by making prizes more unequal, scaling up the competition, or adding new contestants, always discourages effort. These results have significant implications: although often criticized as evidence of laxity or cronyism, muting competition (e.g., adopting softer grading curves or less high-powered promotion systems) can both reduce inequality and increase output. Holding promotion contests at the division level rather than the firm level can boost employees’ effort. Our results are also consistent with personnel policies that feature egalitarian pay systems and dismissal of worst-performing employees.
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2.
  • Gärling, Tommy, 1941, et al. (författare)
  • Review of behavioral explanations of how rank-based incentives influence risk taking by investment managers in mutual fund companies
  • 2020
  • Ingår i: Review of Behavioral Finance. - 1940-5979. ; 12:2
  • Tidskriftsartikel (refereegranskat)abstract
    • Purpose: The purpose of this paper is to review behavioral explanations of the empirical observation that investment managers in mutual fund companies increase their risk taking when offered incentives based on how their performance is ranked compared to peers. Design/methodology/approach: A conceptual model is proposed of how research on social comparison, competition and financial risk taking may explain increased investor risk taking induced by rank-based incentives. Research findings in each of the strands of research are reviewed. Findings: A proposed main explanation is that an above-average bias in comparing oneself with competitors results in overconfidence that increases risk taking. A complementary proposed explanation is that an anticipated loss when lagging behind increases risk taking, and another proposed complementary explanation the belief that risk taking is a winning strategy. Originality/value: The results provide a broad framework for directions of research on social comparison processes in the mutual fund industry addressing the difficulties in implementing performance evaluations. © 2019, Emerald Publishing Limited.
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  • Resultat 1-2 av 2
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tidskriftsartikel (2)
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refereegranskat (2)
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Fang, Dawei, 1983 (2)
Gärling, Tommy, 1941 (1)
Holmen, Martin, 1976 (1)
Noe, T. (1)
Strack, P (1)
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Göteborgs universitet (2)
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Engelska (2)
Forskningsämne (UKÄ/SCB)
Samhällsvetenskap (2)
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2020 (2)Ta bort avgränsningen

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