Choosing the precision of performance metrics
There is a standard trade-off in contracts between the provision of incentives and insurance. We hypothesize that this trade-off influences the precision with which firm performance is measured. We find that firm outcomes are measured less precisely when chance plays a large role in these outcomes....
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5876 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6875/viewcontent/SSRN_id2285770.pdf |
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| Institution: | Singapore Management University |
| Language: | English |