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Beyond Economics In Pay For Performance, Tamara C. Belinfanti Oct 2012

Beyond Economics In Pay For Performance, Tamara C. Belinfanti

Articles & Chapters

This article argues that while much of the intellectual energy has focused on the economics of executive pay, the challenge of executive compensation is as much a challenge of human behavior as it is one of economics. The raison d’etre of pay for performance (PFP) is to motivate executives to make decisions that are in the best interest of their firm and its shareholders. Attention to the relevant individual, situational, cultural, and institutional dynamics (what I term “behavioral dynamics”) that affect how executives are motivated and how they value future rewards is critical for the sustainability of PFP as ...


Lessons From Enron - And Why We Don't Learn From Them, Nancy B. Rapoport Jan 2009

Lessons From Enron - And Why We Don't Learn From Them, Nancy B. Rapoport

Scholarly Works

This article discusses why even the smartest of people can make boneheaded decisions, and it suggests that the only way to avoid future Enrons is to take into account the cognitive mistakes that humans tend to make.