Organization capital, tournament incentives and firm performance

Sabri Boubaker, Mostafa Monzur Hasan and Ahsan Habib

Finance Research Letters, 2022, vol. 46, issue PB

Abstract: This paper examines the relationship between organization capital and promotion-based tournament incentives. Using a sample of 33,618 publicly listed U.S. firm-year observations covering 1992–2020, the results show that firms with high levels of organization capital have relatively more promotion-based tournament incentives, and that tournament incentives in high organization capital firms improve firm value and operating performance.

Keywords: Organizational capital; Tournament incentives; CEO compensation; Agency costs (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612321004487
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Organization Capital, Tournament Incentives and Firm Performance (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:46:y:2022:i:pb:s1544612321004487

DOI: 10.1016/j.frl.2021.102468

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().