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Keywords: target difficulty
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Journal Articles
The Accounting Review (2024) 99 (2): 279–305.
Published: 01 March 2024
... 22 08 2023 2024 competition portfolio incentives pay for performance performance measures target difficulty One of the most common agency conflicts is a managerial reluctance to pursue difficult but value-enhancing actions, also referred to as shirking, slacking, or enjoying...
Includes: Supplementary data
Journal Articles
The Accounting Review (2023) 98 (2): 361–387.
Published: 01 March 2023
...Sunyoung Kim; Michal Matějka; Jongwon Park ABSTRACT Using data on earnings targets in annual bonus plans, we construct and validate an empirical measure of beginning-of-year target difficulty and show that it is negatively associated with market uncertainty, retention concerns, and Chief Executive...