On the impact of managerial bonus system
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Thijs Jansen; Arie van Lier; Arjen van Witteloostuijn
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Article
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2009
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John Wiley and Sons
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English
β 185 KB
## Abstract By designing remuneration schemes based on a bonus rewarding specific firmβlevel outcomes, the owners/shareholders of a firm can manipulate the behavior of their managers. In practice, different bonus anchors take center stage: some are profitβbased, others use sales as the key yardstic