Performance-Related Pay in Danish Cooperative Creameries

Hviid, Morten (2006) Performance-Related Pay in Danish Cooperative Creameries. In: Participation in the Age of Globalization and Information. Advances in the Economic Analysis of Participatory & Labor-Managed Firms, 9 . UNSPECIFIED, pp. 149-176. ISBN 978-0-76231-278-8

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Following the formation of the first cooperative creamery in Denmark in 1882, the number of creameries adopting this particular organisational form grew rapidly over the next 20 years. These cooperatives had to delegate the running of the creamery to a professional manager leading to potential incentive problems. This paper documents the extensive use of performance related pay. Three findings stand out. Firstly, the creameries’ awareness of the incentive problems. Secondly, the incentive contracts used were often quite complex and sometimes non-linear. Thirdly, contract terms often varied over time, even within individual creameries.

Item Type: Book Section
Faculty \ School: Faculty of Social Sciences > School of Law
UEA Research Groups: Faculty of Social Sciences > Research Groups > Competition, Markets and Regulation
Faculty of Medicine and Health Sciences > Research Centres > Business and Local Government Data Research Centre (former - to 2023)
Faculty of Social Sciences > Research Groups > Media, Information Technology and Intellectual Property Law
Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User: Julia Sheldrake
Date Deposited: 05 May 2011 14:36
Last Modified: 20 Apr 2023 01:08
DOI: 10.1016/s0885-3339(05)09005-8

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