As financial incentive schemes have the tendency to increase risky behavior, we analyzed their effect on rule-related behavior in a safety-critical task. We compared risky behavior (in terms of the amount of rule violations) between three payment condition: continuous, up-front, and bonus pay. Fifty-nine participants were trained as production personnel to conduct a start-up procedure of a simulated wastewater treatment plant, representing a high reliability organization. During the 5-h experimental study, risky behavior could have been applied 48 times while building a simulated production year. The results show that the conditions with an incentive scheme (up-front and bonus pay) led to significantly more rule violations than the conditio...
We investigate experimentally the relationship between risk and incentives in a principal–agent sett...
Although psychologists view bonuses and penalties as very different means of providing incentives fo...
We analyze effects of performance measure properties (controllable and uncontrollable risk, distorti...
As financial incentive schemes have the tendency to increase risky behavior, we analyzed their effec...
Compensation schemes have been blamed for encouraging excess risk-taking on the part of managers wit...
The purpose of this paper is to study idiosyncratic responses to financial incentives. We argue that...
Purpose – The purpose of this paper is to consider the influence of individual risk preferences on t...
As a response to the financial crisis in 2008, the European bank authorities have adopted new rules ...
It has been argued that poor remuneration policies at financial institutions were a major contributo...
When an organization's management creates a goal conflict between workplace safety and the profitabi...
This paper examines whether incentive schemes, working relationships and risk attitudes affect the p...
A core part of the risk modelling program for the Oil and Gas industry being carried out at Delft Un...
The, often observed, positive correlation between incentive intensity and risk has been explained in...
Theoretical thesis.Bibliography: pages 55-64Chapter 1. Introduction -- Chapter 2. Literature review ...
In this study we extend agency based research by examining the role of risk in the structure of mana...
We investigate experimentally the relationship between risk and incentives in a principal–agent sett...
Although psychologists view bonuses and penalties as very different means of providing incentives fo...
We analyze effects of performance measure properties (controllable and uncontrollable risk, distorti...
As financial incentive schemes have the tendency to increase risky behavior, we analyzed their effec...
Compensation schemes have been blamed for encouraging excess risk-taking on the part of managers wit...
The purpose of this paper is to study idiosyncratic responses to financial incentives. We argue that...
Purpose – The purpose of this paper is to consider the influence of individual risk preferences on t...
As a response to the financial crisis in 2008, the European bank authorities have adopted new rules ...
It has been argued that poor remuneration policies at financial institutions were a major contributo...
When an organization's management creates a goal conflict between workplace safety and the profitabi...
This paper examines whether incentive schemes, working relationships and risk attitudes affect the p...
A core part of the risk modelling program for the Oil and Gas industry being carried out at Delft Un...
The, often observed, positive correlation between incentive intensity and risk has been explained in...
Theoretical thesis.Bibliography: pages 55-64Chapter 1. Introduction -- Chapter 2. Literature review ...
In this study we extend agency based research by examining the role of risk in the structure of mana...
We investigate experimentally the relationship between risk and incentives in a principal–agent sett...
Although psychologists view bonuses and penalties as very different means of providing incentives fo...
We analyze effects of performance measure properties (controllable and uncontrollable risk, distorti...