You get what you reward: Lessons from the Global Financial Crisis

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Author(s)
Wilson, Marie
Griffith University Author(s)
Year published
2010
Metadata
Show full item recordAbstract
While the media and regulatory focus in the wake of the global financial crisis (GFC) has been on top-management remuneration, particularly incentives, this is not suffiecient. Incentive structures supported many of the risk-taking types of behaviour throughout the industry, not just senior-management levels. I review the evidence on the influence of incentives, generate frameworks for evaluating incentives and other reward structires, and provide questions for organisations that use incentives in their remuneration.While the media and regulatory focus in the wake of the global financial crisis (GFC) has been on top-management remuneration, particularly incentives, this is not suffiecient. Incentive structures supported many of the risk-taking types of behaviour throughout the industry, not just senior-management levels. I review the evidence on the influence of incentives, generate frameworks for evaluating incentives and other reward structires, and provide questions for organisations that use incentives in their remuneration.
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Journal Title
Deakin Business Review
Volume
3
Issue
1
Publisher URI
Copyright Statement
© 2010 Deakin University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Business and Management not elsewhere classified
Business and Management
Marketing