https:\/\/scholarspace.manoa.hawaii.edu\/handle\/10125\/76896<\/a><\/p>\nby: rachel martin, tyler thomas and dimitri yatsenko<\/p>\n
this research found that even though individuals have a preference for bonus contracts, they actually put more effort in when there was a penalty contract due to loss aversion. they also found that whether the performance target was high or low also played a factor. with a low target, the bonus contract actually led to higher performance since the bonus was achievable. however, with a high target, the penalty contract led to significantly higher performance than the bonus contract. the penalty contracts also tended to lead more to repetitive \u201cgiving up\u2019 behaviors. bottom line: don\u2019t use penalty contracts with low targets.<\/p>\n
this paper raised in my mind the question of whether we should have penalty clauses in our compensation plans rather than incentive pay. there was additional discussion around whether this really depended on the person\u2019s personality and whether higher loss aversion personalities would choose penalty contracts knowing that they would be more motivated to avoid the penalties.<\/p>\n
relevance of accounting research<\/strong><\/p>\nas you can see there is starting to be a stronger correlation of accounting research to issues we are facing in practice. i am part of an american accounting association (aaa, association for accounting professors) task force looking into ways to better bridge research and practice. tracey golden also shared that she sits on the board of aacsb (association to advance collegiate schools of business, the association that awards accreditation to schools of businesses), who is also modifying the accreditation standards to include a measure of the relevance of the school\u2019s research to practice. so, there are major initiatives underway to try to bridge the gap between academia and practice, but there is still a ways to go.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/a> \nfresh research from the hawaii accounting research conference.<\/strong> \nby donny c. shimamoto, cpa, citp, cgma<\/em><\/p>\n","protected":false},"author":1382,"featured_media":79390,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,3120,3002,11,2306],"tags":[3445,3447,2394],"class_list":["post-94233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pro-member-exclusive","category-special","category-research","category-tech-and-fintech","tag-ai","tag-artificial-intelligence","tag-audit"],"acf":[],"yoast_head":"\nnew insights on emerging technologies and people issues - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n