scholarly journals Analyst Career Concerns, Effort Allocation, and Firms’ Information Environment

2018 ◽  
Vol 32 (6) ◽  
pp. 2179-2224 ◽  
Author(s):  
Jarrad Harford ◽  
Feng Jiang ◽  
Rong Wang ◽  
Fei Xie
Keyword(s):  
Information Environment ◽  
Career Concerns ◽  
Effort Allocation

Ability, Career Concerns, and Financial Incentives in a Multi-Task Setting

2011 ◽  
Vol 23 (1) ◽  
pp. 211-229 ◽  
Author(s):  
Alexander Brüggen
Keyword(s):  
Financial Incentives ◽  
Strategic Behavior ◽  
Career Concerns ◽  
Effort Allocation ◽  
Perceived Ability ◽  
Task Setting ◽  
Strong Focus ◽  
Ability Levels ◽  
Individual Ability ◽  
Low Ability

ABSTRACT In a laboratory experiment, I investigate the role of perceived own ability in a multi-task setting with career concerns under fixed wages and under financial incentives with a higher weight on the task measured with noise. I find that in the absence of career concerns, participants allocate effort evenly between tasks under fixed wages and allocate more effort on the task measured with noise, both irrespective of individual ability levels. However, in presence of career concerns, perceived own ability matters for effort allocation. In particular, career concerns distort effort allocation of agents with high perceived ability, whereas agents with low perceived ability show less distorted effort allocation. In the presence of career concerns, the interaction between financial incentives and perceived ability is always disordinal, which implies that low ability agents exhibit less distorted behavior under any compensation contract. A higher explicit incentives weight on the task measured with greater noise helps to balance effort allocation, but makes all agents worse off due to the strategic behavior of agents. To keep their chances on the labor market high, ability agents increase their effort allocation to the precisely measured task slightly in anticipation of a strong focus on the precisely measured task of low ability agents. These findings are in line with economic predictions and show that perceived own ability moderates the relationship between financial incentives and career concerns on effort allocation.

Analyst Effort Allocation and Firmss Information Environment

2017 ◽  
Author(s):  
Jarrad Harford ◽  
Feng Jiang ◽  
Rong Wang ◽  
Fei Xie
Keyword(s):  
Information Environment ◽  
Effort Allocation

Application Of BIM-Technology In The Restoration Of Buildings

2020 ◽  
pp. 42-48
Keyword(s):  
Chinese Communist Party ◽  
Laser Scanning ◽  
High Accuracy ◽  
Information Environment ◽  
Information Modeling ◽  
Structural Scheme ◽  
Traditional Design ◽  
Information Interaction ◽  
Heritage Buildings ◽  
Effective Organization

The paper describes the main trends in the development of BIM technologies in the field of restoration and reconstruction of historical and cultural heritage buildings. The practical part of the paper presents the experience in using information modeling technologies when restoring the building, where the VI Congress of the Chinese Communist Party in Moscow took place. The use of laser scanning technologies made it possible to reproduce with high accuracy in the information model the original appearance of the building using Autodesk RevitR software. It is shown, how the use of information modeling technologies affects the duration of restoration process, taking into account the calculation of the structural scheme and bearing structures of the building, ensuring the identity of the decoration and the effective organization of electromechanical installation. Operating in a single BIM information environment makes it possible to continuously obtain reliable information on the project, which provides more effective information interaction and communication of participants compared to using traditional design methods.

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