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The objective of this study is to examine the relationship between the level of Chief Executive Officers’ incentive compensation and subsequent share price performance for the 80 biggest stock listed German companies between 2005 and 2014. The performance proxies are geometric monthly returns, as well as risk-adjusted geometric returns using the Sharpe Ratio. Additionally t-statistics for quintile portfolio returns have been calculated. The results are mixed, indicating that there might in fact not be a relationship between incentive compensation and share price performance at all for this sample. Consequently this study finds that average monthly returns for firms with incentive pay-outs are strongly correlated to the returns for firms without incentive payouts and that the samples do not differ significantly . A relationship between the level of incentive compensation and the level of future share price performance can also not be
determined with absolute certainty. However there are indications that would support a negative relationship between the two, as average monthly returns decrease over longer time horizons. The Sharpe Ratio analysis finds mixed evidence on this question while the t-statistics indicate that there are no significant differences between 94% of the formed quintile portfolios.
The aim of this paper is to explore factors driving and affecting motivation of workers for participating in Crowdsourcing platforms and propose adequate incentive mechanisms. A general definition what mainly motivates crowd workers, poses a difficult task, as it depends on a diversity of opportunities and challenges, which entail Crowdsourcing systems. Although they represent a common notion for the majority of crowd workers, these opportunities and challenges do not have the same effect on their motivation, as crowd workers are in different situations and differ in their influenceability. Thus, creating incentive mechanisms for such a heterogeneous pool of people with different backgrounds, holding different reasons and motivations concerning their participation at Crowdsourcing platforms represents a major challenge. In any case, incentives should meet the needs of the increasing number of remote workers in order to motivate them participating in Crowdsourcing platforms and contribute with quality work. This in return will ensure the sustainability of the Crowdsourcing system.