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The Ruling ClassManagement and Politics in Modern Italy$
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Tito Boeri, Antonio Merlo, and Andrea Prat

Print publication date: 2010

Print ISBN-13: 9780199588282

Published to Oxford Scholarship Online: January 2011

DOI: 10.1093/acprof:oso/9780199588282.001.0001

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Firms' Managerial Policies

Firms' Managerial Policies

(p.139) 7 Firms' Managerial Policies
The Ruling Class

Andrea Prat (Contributor Webpage)

Oriana Bandiera

Luigi Guiso

Raffaella Sadun (Contributor Webpage)

Oxford University Press

This chapter analyses the incentive structure faced by managers of Italian firms. It shows evidence on several dimensions of incentives, ranging from explicit short-term incentives related to objective measures of performance (i.e., bonus pay) to implicit long-term incentives such as the role of personal relationships on the managers' career prospects.

Keywords:   manager, incentives, bonuses, multinational, domestic

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