Pay-for-Performance - Publications - Faculty & Research

Research Summary

Institutional influences on the firm: cross-country comparisons

A third stream of work examines the influence of country institutions on firms in a cross-country comparative context. In a paper co-authored with Jordan Siegel (published in Management Science in 2009), we employed a quasi-natural experiment: a... View Details

November 2013 (Revised February 2016)
Case

A Long, Bumpy and Unfinished Road: Education Reform in Memphis, Tennessee

By: Allen Grossman, J. Puckett and Nithya Vaduganathan

In 2010 the Memphis City School District merged with the neighboring Shelby County School system under the supervision of a single board of education and superintendent. It promised much more than just administrative synergies—it was an opportunity to change a... View Details

Keywords: Education Reform; Public Education; Business Engagement; Public Sector; Education; Business and Community Relations; Education Industry; Tennessee

Citation

Educators

Purchase

18 Apr 2013
Working Paper Summaries

The Impact of Pooling on Throughput Time in Discretionary Work Settings: An Empirical Investigation of Emergency Department Length of Stay

Keywords: by Hummy Song, Anita L. Tucker & Karen L. Murrell; Health

17 Jan 2023
In Practice

8 Trends to Watch in 2023

As 2023 begins, businesses and employees face an uncertain economy and labor market, as the twin dilemmas of inflation and interest rates weigh on forecasts. Harvard Business School faculty share the top trends that they believe will shape the workplace and markets... View Details

Keywords: by Avery Forman

09 Apr 2018
Sharpening Your Skills

The Dark Side of Performance Bonuses

more ethically when focused on what not to do. Should Pay-for-Performance Compensation Be Replaced? In spite of its naysayers, pay-for-performance compensation still makes sense to most of us. But there is a... View Details

Keywords: by Sean Silverthorne

26 Nov 2001
Op-Ed

Why Corporate Budgeting Needs To Be Fixed

look more carefully at how budgets drive compensation and, in turn, behavior. In a traditional pay-for-performance incentive system, a manager's total cash compensation (salary plus bonus) is constant until a minimum performance hurdle is... View Details

Keywords: by Michael C. Jensen

05 Jun 2007
First Look

First Look: June 5, 2007

be higher and the pay-for-performance sensitivity will be lower relative to a scenario in which the measure is not mandated. In contrast, if the mandated measure's informativeness dominates the measure's sensitivity to effort, then effort... View Details

Keywords: Martha Lagace

01 Dec 2008
News

Lesson from the Fall

competitors often lead to overcompensation and lull executives into a false sense of superiority. Pay-for-performance systems that ignore rigorously applied subjective judgments often promote gaming behavior and otherwise provide... View Details

Keywords: Malcolm S. Salter; Oil and Gas Extraction; Mining; Electric Power Generation, Transmission, Distribution; Utilities

08 Jul 2002
Research & Ideas

How to Fashion Your New E-Business Model

assembly line, marketing, sales, and after-sales service channels) A management model (the hierarchy) A social or regulatory system (specialized work, pay-for-performance incentives, worker education, unions, antitrust laws) As we enter... View Details

Keywords: by Lynda M. Applegate

01 Dec 2002
News

Bad Times for Business

professional athletes, the top performers in any industry — make all the money. That includes the executive market as well. The irony about pay-for-performance is that pay packages had no built-in control for the general rise in all stock... View Details

Keywords: Garry Emmons

01 Dec 2013
News

Curing Health Care

pay-for-performance arrangements. But the administrative muscle and know-how required to successfully execute against such integrated models is daunting for even the most sophisticated of hospitals, requiring a radically different... View Details

Keywords: Ambulatory Health Care Services; Health, Social Assistance; Management; Colleges, Universities, and Professional Schools; Educational Services

20 Jan 2003
Research & Ideas

Fixing Corporate Governance: A Roundtable Discussion at Harvard Business School

executives. Healy: To put it in context, we live in a society in which the stars—entertainers, professional athletes, the top performers in any industry—make all the money. That includes the executive market as well. The irony about View Details

Keywords: by Garry Emmons

02 Mar 2010
First Look

First Look: March 2

Andrew Huang and the Center had worked with the Taiwan National Health Insurance system to create a pay-for-performance reimbursement program for breast cancer care that has since been adopted by five other providers. The program issues... View Details