The Impact of Group Incentives on Performance of Small Firms: Hausman-Taylor Estimates

被引：4
|
作者：
Dixit, Kshitija [2 ]
Pal, Rupayan [1 ]
机构：
[1] IGIDR, Film City Rd,Gen AK Vaidya Marg,Goregaon East, Mumbai 400065, Maharashtra, India
[2] Med Hlth Care & Decor Pvt Ltd, Pune, Maharashtra, India
来源：
MANAGERIAL AND DECISION ECONOMICS | 2010年 / 31卷 / 06期
关键词：
D O I：
10.1002/mde.1494
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the impact of group incentives on firms' performance. It shows that group incentive raises firms' performance. This result empirically validates the implication of the theoretical literature that performance-related pay can potentially improve firms' performance, in the context of a developing country, and indicates the importance of group incentives in small firms. It also shows that partnership firms perform better than private limited companies and labour unions have a negative impact on firms' performance. It employs the Hausman-Taylor random effects estimator in order to isolate the effects of time-invariant covariates and also to tackle potential endogeneity problem. Copyright (C) 2010 John Wiley & Sons, Ltd.
引用
收藏
页码：403 / 414
页数：12
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