Effort Redirection Across Multiple Career Tracks: Salary-Cut Policy and State-Owned Enterprises in China
Published online on May 10, 2025
Abstract
Journal of Management, Volume 52, Issue 5, Page 2000-2032, May 2026.
Prior literature in agency theory assumes that when incentives decrease, agents may shirk and reduce effort. We extend this work to multiple career tracks and suggest that a salary decrease may not necessarily lead to effort reduction, but instead may ...
Prior literature in agency theory assumes that when incentives decrease, agents may shirk and reduce effort. We extend this work to multiple career tracks and suggest that a salary decrease may not necessarily lead to effort reduction, but instead may ...