Is Pay-for-Performance Detrimental to Innovation?
Abstract
Previous research in economics shows that compensation based on the pay-for-performance principle is effective in inducing higher levels of effort and productivity. On the other hand, research in psychology argues that performance-based financial incentives inhibit creativity and innovation. How should managerial compensation be structured if the goal is to induce managers to pursue more innovative business strategies? In a controlled laboratory...
Paper Details
Title
Is Pay-for-Performance Detrimental to Innovation?
Published Date
Jan 1, 2011
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