Managerial Finance: Volume 26 Issue 7

Celebrity performance and endorsement value: the case of Tiger Woods

Kathleen A. Farrell, Gordon V. Karels, Kenneth W. Montfort, Christine A. McClatchey

An interesting issue little explored in the celebrity endorsement literature is whether or not the activities of a celebrity endorser affect company performance. We examine the…

An empirical test of tournament theory: the Senior PGA Tour

Michael Melton, Thomas S. Zorn

Using data from the Senior PGA Tours we analyze the incentive effects of rank order tournaments. Previous studies using data from the PGA Tour reached conflicting conclusions. To…

Professional golf: labor or leisure

Otis W. Gilley, Marc C. Chopin

Although most labor and microeconomic textbooks contain a theoretical discussion of the backward‐bending labor supply curve, scant empirical evidence of this phenomenon exists. In…

NBA players: are they paid for performance?

Kevin J. Sigler, William H. Sackley

This paper studies the relationship between NBA players’ salaries and their performance on the basketball court. In other industries executive compensation has been found to have…

Risk taking in tournaments

Michael Melton, Thomas S. Zorn

Tournament theory provides important insights into organizational reward systems. It examines the incentive properties of reward systems based on rank‐order rather than absolute…