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Tournaments are designed to enhance participants’ effort and productivity. However, ranking near the top may increase psychological pressure and reduce performance. We empirically study the impact of interim rank on perf...Read more...
Eleni Garbi, Christos Genakos and Mario Pagliero
17 April 2015
Using panel data for all of China’s public listed firms over the period 2001-2010 we examine how firms have recruited and rewarded their executives over a decade of huge growth and turbulence. CEO pay is sensitive to fir...Read more...
Alex Bryson, John Forth and Minghai Zhou
7 June 2012
Little is known about the effects of revealing information on relative performance during a dynamic tournament. We empirically study the impact of interim rank on risk taking and performance using data on professionals c...Read more...
Christos Genakos and Mario Pagliero