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dc.contributor.authorFershtman, Chaim
dc.contributor.authorHvide, Hans K.
dc.contributor.authorWeiss, Yoram
dc.date.accessioned2006-07-13T11:45:36Z
dc.date.available2006-07-13T11:45:36Z
dc.date.issued2002-11
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/164045
dc.description.abstractWe study the effects of competitive preferences, where Chief Executive Officers (CEOs) compare their wage to the wage of other CEOs within the same industry, and derive additional utility from being ahead of them. We show that such concerns work in the direction of CEO wages being positively correlated, in contrast to the Relative Performance Evaluation hypothesis, but consistent with several empirical studies.en
dc.format.extent148973 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Finance and Management Scienceen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2002:11en
dc.titleA behavioral explanation of the relative performance evaluation puzzleen
dc.typeWorking paperen


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