Organization capital, tournament incentives and firm performance

Sabri Boubaker, Mostafa Monzur Hasan, Ahsan Habib

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)


This paper examines the relationship between organization capital and promotion-based tournament incentives. Using a sample of 33,618 publicly listed U.S. firm-year observations covering 1992–2020, the results show that firms with high levels of organization capital have relatively more promotion-based tournament incentives, and that tournament incentives in high organization capital firms improve firm value and operating performance.
Original languageEnglish
Article number102468
Pages (from-to)1-8
Number of pages8
JournalFinance Research Letters
Issue numberPart B
Early online date20 Sept 2021
Publication statusPublished - May 2022


  • Agency costs
  • CEO compensation
  • Organizational capital
  • Tournament incentives


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