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Seminar i økonomi og finans med Martin Holmén fra Universitetet i Gøteborg

Velkommen til åpent seminar onsdag 28. november i økonomi og finans: "Charity, Incentives and Performance"

Tid: Onsdag 28. november kl. 11.30 - 12.30 - enkel servering.

Sted: Handelshøgskolen ved UiS, Ellen & Axel Lunds hus, rom H-125.

Foredragsholder: Martin Holmén, Professor og leder av Centre for Finance, Universitetet i Gøteborg

Tittel: Charity, Incentives and Performance

Abstract:
Many companies spend substantial resources in order to be viewed as socially responsible. We argue that one reason firms do this is to create a warm glow about the firm and thereby affect employee behavior and improve performance. This proposition is tested with an incomplete contract principal? agent laboratory experiment where warm glow principals make donations to charity.

The results show that both principals and agents are better off in treatments where principals are working on behalf of a charity. The principals demand higher effort, the agents take the principals’ demand seriously and put in higher effort, and the principals reward sufficient effort more generously in the charity treatments. We conclude that a warm glow increases the principals’ and the agents’ guilt aversion. There is a bigger psychological cost of not living up to the other part’s expectations when associated with a warm glow. For more information: http://www.economics.gu.se/digitalAssets/1381/1381796_charitysep2012.pdf