Anreizsysteme als Steuerungsinstrument in Sparkassen

Gustav Adolf Schröder and Thilo Schweizer

Schmalenbach Journal of Business Research, 1999, vol. 51, issue 6, 608-622

Abstract: Summary Monetary incentive schemes are gaining increasing importance in German savings banks. In the first section of our paper we derive the necessity for monetary incentives on the basis of the traditional principal-agent-framework. Section two defines the various elements of an incentive scheme as well as the requirements to practicability in general. Those elements are demonstrated at the example of Stadtsparkasse Köln (Commercial and Savings Bank of Cologne) in section three. They have an incentive scheme in place since the beginning of the 1990s. Practical experiences and the limits of incentive schemes in particular are discussed in section four. The major shortcomings identified are a certain short-term-focus and a focus on individuals’ personal interests or those of a particular entity within the company. Finally, we discuss the reasoning of Reinhard K. Sprenger who denies the necessity for monetary incentive schemes at all.

Date: 1999
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/BF03371585 Abstract (text/html)

Related works:
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:spr:sjobre:v:51:y:1999:i:6:d:10.1007_bf03371585

Ordering information: This journal article can be ordered from
https://www.springer.com/journal/41471

DOI: 10.1007/BF03371585

Access Statistics for this article

More articles in Schmalenbach Journal of Business Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().