基于两维度相对业绩比较的经营者报酬契约设计

Abstract

Abstract: The best way to incentive agents is to bind the compensation with their operative performance.We design an executive’s compensation contract based on two-dimension relative performance evaluation,so as to eliminate risk imposed on executives by external systematic circumstance and resource of enterprise.Then we represent a brief discussion about the model and prove its Pareto-efficiency relative to traditional model.

Key words: two-dimension, relative performance evaluation, contract, risk

CLC Number:

F224.3

XU Xi-xiong, WAN Di-fang, LIANG Qiao-zhuan. The Designing of Executive’s Payment Based on Two-Dimension Relative Performance Evaluation[J]. Chinese Journal of Management Science, 2005, (3): 115-118.

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The Designing of Executive’s Payment Based on Two-Dimension Relative Performance Evaluation

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