@TechReport{iza:izadps:dp7800,
            	author={Bogaard, Hein and Svejnar, Jan},
            	title={Incentive Pay and Performance: Insider Econometrics in a Multi-Unit Firm},
            	year={2013},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7800},
            	url={https://www.iza.org/publications/dp7800},
	abstract={We exploit organizational reforms in a foreign-owned bank in Central-East Europe to study the implementation of modern HRM policies in an emerging market context. We have branch-level data and use our knowledge of the process that led to the adoption of the reforms to implement two estimators that address endogeneity bias in a complementary fashion: an IV approach and Generalized Propensity Score estimation. Our results show that some of the reforms had a positive impact on productivity, but they also underscore the risks of quantity-based incentives where quality is important.},
	keywords={banking;foreign ownership;incentives;endogeneity of HRM policies;insider econometrics;Central and Eastern Europe},
            }