bkballa

Yup But there is a section in reading 33 page 304 that says....


"A tightly financially constrained manager will accept both a lower level of performance-based rewards and a smaller probability of keeping her job after a poor performance........................The Heterogeneity in the intensity of financial constraints predicts a positive co movement under poor performance and low-powered incentives. Implicit and explicit incentives then appear to be complements in the sample."