Financial Compensation

14,000,000 Leading Edge Experts on the ideXlab platform

Scan Science and Technology

Contact Leading Edge Experts & Companies

Scan Science and Technology

Contact Leading Edge Experts & Companies

The Experts below are selected from a list of 10863 Experts worldwide ranked by ideXlab platform

Tessa Haesevoets - One of the best experts on this subject based on the ideXlab platform.

  • understanding the positive effect of Financial Compensation on trust after norm violations evidence from fmri in favor of forgiveness
    Journal of Applied Psychology, 2017
    Co-Authors: Tessa Haesevoets, Alain Van Hiel, David De Cremer, Frank Van Overwalle
    Abstract:

    : Norm violations are ubiquitous in organizations and often result in tangible harm and a loss of trust. One possible response to enhance trust involves the provision of Financial Compensation. Unfortunately, little is known about the processes that underlie the effect of such a tangible response to increase trust. We employed techniques in cognitive neuroscience (functional magnetic resonance imaging) to examine these processes. Participants placed in the scanner played the role of recipient in a series of dictator games with different allocators who (unknown to them) were preprogrammed. An unequal division of resources was used as a norm violation that resulted in a Financial loss. Afterward the inflicted harm was restored through equal Financial Compensation. Our neuroimaging data indicate that Financial Compensation activates forgiveness-related brain areas and that this activation mediates the positive effect of Financial Compensation on trust. We discuss the theoretical and managerial implications of using tangible responses to increase trust in organizational settings. (PsycINFO Database Record

  • is trust for sale the effectiveness of Financial Compensation for repairing competence versus integrity based trust violations
    PLOS ONE, 2015
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, Alain Van Hiel
    Abstract:

    Despite the popularity of Financial Compensation as a means for addressing trust violations, the question whether (more) money can indeed buy trust back remains largely unexplored. In the present research, we focus on the role of violation type and Compensation size. The results of a scenario study and a laboratory experiment show that Financial Compensation can effectively promote the restoration of trust for transgressions that indicate a lack of competence. Conversely, for transgressions which signal a lack of integrity, Financial Compensation is not an effective tool to repair trust. Moreover, our findings indicate that for both violation types, overCompensation has no positive effects on top of the impact of equal Compensation. These findings therefore show that when it comes to trust, money cannot buy everything.

  • Is trust for sale? The effectiveness of Financial Compensation for repairing competence-versus integrity-based trust violations
    2015
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, A. Vanhiel
    Abstract:

    textabstractDespite the popularity of Financial Compensation as a means for addressing trust violations, the question whether (more) money can indeed buy trust back remains largely unexplored. In the present research, we focus on the role of violation type and Compensation size. The results of a scenario study and a laboratory experiment show that Financial Compensation can effectively promote the restoration of trust for transgressions that indicate a lack of competence. Conversely, for transgressions which signal a lack of integrity, Financial Compensation is not an effective tool to repair trust. Moreover, our findings indicate that for both violation types, overCompensation has no positive effects on top of the impact of equal Compensation. These findings therefore show that when it comes to trust, money cannot buy everything.

  • Money isn’t all that matters: The use of Financial Compensation and apologies to preserve relationships in the aftermath of distributive harm
    Journal of Economic Psychology, 2013
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, David De Cremer, Alain Van Hiel
    Abstract:

    Previous studies have shown that when a recipient suffers from Financial harm, allocators can use repair strategies that address Financial or relational interests to promote relationship repair. Research to date, however, has neglected to study the effects of Financial and relational strategies on relationship preservation simultaneously. In the present contribution, we examine this question. Based on the equality norm, we hypothesized that a Financial Compensation that fails to redress the harm suffered by the recipient (i.e., underCompensation) will be less effective in preserving a relationship than a Financial Compensation that do redress it (i.e., equal Compensation and overCompensation). Moreover, we expected that relational strategies (i.e., apologies) would promote relationship preservation in contexts where the Financial Compensation alone is insufficient to redress the harm to the recipient, thus in cases of underCompensation. The results of a pilot study and a lab experiment using the dictator game confirmed our hypotheses. Consequently, our studies demonstrate that even in purely economic settings, relational strategies (i.e., apologies) can facilitate relationship preservation over and above Financial strategies (i.e., Financial Compensation).

  • money isn t all that matters the use of Financial Compensation and apologies to preserve relationships in the aftermath of distributive harm
    Journal of Economic Psychology, 2013
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, David De Cremer, Alain Van Hiel
    Abstract:

    Previous studies have shown that when a recipient suffers from Financial harm, allocators can use repair strategies that address Financial or relational interests to promote relationship repair. Research to date, however, has neglected to study the effects of Financial and relational strategies on relationship preservation simultaneously. In the present contribution, we examine this question. Based on the equality norm, we hypothesized that a Financial Compensation that fails to redress the harm suffered by the recipient (i.e., underCompensation) will be less effective in preserving a relationship than a Financial Compensation that do redress it (i.e., equal Compensation and overCompensation). Moreover, we expected that relational strategies (i.e., apologies) would promote relationship preservation in contexts where the Financial Compensation alone is insufficient to redress the harm to the recipient, thus in cases of underCompensation. The results of a pilot study and a lab experiment using the dictator game confirmed our hypotheses. Consequently, our studies demonstrate that even in purely economic settings, relational strategies (i.e., apologies) can facilitate relationship preservation over and above Financial strategies (i.e., Financial Compensation).

Douglas Schmidt - One of the best experts on this subject based on the ideXlab platform.

  • a longitudinal study of the relationship between Financial Compensation and symptoms after treated mild traumatic brain injury
    Journal of Clinical and Experimental Neuropsychology, 2002
    Co-Authors: Chris Paniak, Shawn Reynolds, Geraldine Tollerlobe, Amy Melnyk, Julianna Nagy, Douglas Schmidt
    Abstract:

    Demographic, injury-related, and symptom variables at intake, 3 months, and 12 months postinjury were compared between 50 treated adults with mild traumatic brain injury (MTBI) who were not seeking or receiving Financial Compensation at any time and 18 who were at each time. Compensation seekers/receivers reported symptom incidence and severity as approximately 1 SD higher at each time. The level of difference between the groups did not significantly differ across time. No demographic variables distinguished the groups. No injury-related variable other than more immediate postinjury prescription medication use was predictive of the greater symptom complaints for the patients seeking or receiving Compensation. However, this medication effect did not explain away the Compensation effect when medication use was co-varied in an analysis. Our study appears to be the first to examine the relationship between Financial Compensation and symptom report in an MTBI sample specifically treated for their condition. Ou...

E Bayen - One of the best experts on this subject based on the ideXlab platform.

  • lawsuit and traumatic brain injury the relationship between long lasting sequelae and Financial Compensation in litigants results from the paris tbi study
    Frontiers in Neurology, 2019
    Co-Authors: E Bayen, Alexis Ruet, Claire Jourdan, Idir Ghout, Layide Meaude, Pascale Pradatdiehl, Gaelle Nelson, Claire Vallatazouvi
    Abstract:

    ABSTRACT Purpose: People with traumatic brain injury are frequently involved in a litigation because another person was at fault for causing the accident. A Compensation amount will often be settled to compensate the victim for the past, present, future damages and losses suffered. We report descriptive data about the full and final personal Compensation amount and investigated its association with patient’s outcomes. Methods: We used a longitudinal prospective study of severe TBI patients injured in 2005-2007 (PariS-TBI). Questions regarding involvement in a litigation were asked concurrently with 4 and 8-year outcomes. Results: Among 160 participants assessed 4 and/or 8 years post-injury, a total of 67 persons declared being involved in a litigation, among which 38 people reported a Compensation amount of a mean €292653 (standard deviation=436334; interquartile 25-50-75=37000-100000-500000; minimum=1500-maximum=2000000). A higher Compensation amount was associated with more severe disability and cognitive impairment in patients, and with more informal care time provided by caregivers. However, no significant association related to patient’s gender, age, years of education, motor/balance impairment, return to work status, mood and related to caregiver’s subjective burden was found. Conclusion: Financial Compensation was related to victims’ long-term severity of impairment, although some extreme cases with severe disability were granted very poor Compensation.

Rafael Calvo - One of the best experts on this subject based on the ideXlab platform.

  • A Financial Compensation Based Transaction Management Model for Service-Oriented Business Collaborations
    2012 IEEE 19th International Conference on Web Services, 2012
    Co-Authors: Zheng Yang, Shiping Chen, David Levy, Rafael Calvo
    Abstract:

    The Internet has been encouraging and enabling business collaborations via online transactions over the Web. However, managing transactions in a long-running business process across domains still remains a challenge. In this paper, we propose a novel Financial-Compensation-based transaction management model, fcBTxM, to address this challenge. Unlike classical transaction management, fcBTxM does not attempt to recover data consistency via rollback when a failure occurs. Instead, our model always tries to forward-roll a business process via Financial Compensation. We use a state machine to capture and describe the states of our transaction model and their relationships. We also develop a set of technologies and protocols for enabling the new transaction management. A real business collaboration example is used to demonstrate the concept, and preliminary testing results are provided to evaluate our technologies.

Alain Van Hiel - One of the best experts on this subject based on the ideXlab platform.

  • understanding the positive effect of Financial Compensation on trust after norm violations evidence from fmri in favor of forgiveness
    Journal of Applied Psychology, 2017
    Co-Authors: Tessa Haesevoets, Alain Van Hiel, David De Cremer, Frank Van Overwalle
    Abstract:

    : Norm violations are ubiquitous in organizations and often result in tangible harm and a loss of trust. One possible response to enhance trust involves the provision of Financial Compensation. Unfortunately, little is known about the processes that underlie the effect of such a tangible response to increase trust. We employed techniques in cognitive neuroscience (functional magnetic resonance imaging) to examine these processes. Participants placed in the scanner played the role of recipient in a series of dictator games with different allocators who (unknown to them) were preprogrammed. An unequal division of resources was used as a norm violation that resulted in a Financial loss. Afterward the inflicted harm was restored through equal Financial Compensation. Our neuroimaging data indicate that Financial Compensation activates forgiveness-related brain areas and that this activation mediates the positive effect of Financial Compensation on trust. We discuss the theoretical and managerial implications of using tangible responses to increase trust in organizational settings. (PsycINFO Database Record

  • is trust for sale the effectiveness of Financial Compensation for repairing competence versus integrity based trust violations
    PLOS ONE, 2015
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, Alain Van Hiel
    Abstract:

    Despite the popularity of Financial Compensation as a means for addressing trust violations, the question whether (more) money can indeed buy trust back remains largely unexplored. In the present research, we focus on the role of violation type and Compensation size. The results of a scenario study and a laboratory experiment show that Financial Compensation can effectively promote the restoration of trust for transgressions that indicate a lack of competence. Conversely, for transgressions which signal a lack of integrity, Financial Compensation is not an effective tool to repair trust. Moreover, our findings indicate that for both violation types, overCompensation has no positive effects on top of the impact of equal Compensation. These findings therefore show that when it comes to trust, money cannot buy everything.

  • Money isn’t all that matters: The use of Financial Compensation and apologies to preserve relationships in the aftermath of distributive harm
    Journal of Economic Psychology, 2013
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, David De Cremer, Alain Van Hiel
    Abstract:

    Previous studies have shown that when a recipient suffers from Financial harm, allocators can use repair strategies that address Financial or relational interests to promote relationship repair. Research to date, however, has neglected to study the effects of Financial and relational strategies on relationship preservation simultaneously. In the present contribution, we examine this question. Based on the equality norm, we hypothesized that a Financial Compensation that fails to redress the harm suffered by the recipient (i.e., underCompensation) will be less effective in preserving a relationship than a Financial Compensation that do redress it (i.e., equal Compensation and overCompensation). Moreover, we expected that relational strategies (i.e., apologies) would promote relationship preservation in contexts where the Financial Compensation alone is insufficient to redress the harm to the recipient, thus in cases of underCompensation. The results of a pilot study and a lab experiment using the dictator game confirmed our hypotheses. Consequently, our studies demonstrate that even in purely economic settings, relational strategies (i.e., apologies) can facilitate relationship preservation over and above Financial strategies (i.e., Financial Compensation).

  • money isn t all that matters the use of Financial Compensation and apologies to preserve relationships in the aftermath of distributive harm
    Journal of Economic Psychology, 2013
    Co-Authors: Tessa Haesevoets, Chris Reinders Folmer, David De Cremer, Alain Van Hiel
    Abstract:

    Previous studies have shown that when a recipient suffers from Financial harm, allocators can use repair strategies that address Financial or relational interests to promote relationship repair. Research to date, however, has neglected to study the effects of Financial and relational strategies on relationship preservation simultaneously. In the present contribution, we examine this question. Based on the equality norm, we hypothesized that a Financial Compensation that fails to redress the harm suffered by the recipient (i.e., underCompensation) will be less effective in preserving a relationship than a Financial Compensation that do redress it (i.e., equal Compensation and overCompensation). Moreover, we expected that relational strategies (i.e., apologies) would promote relationship preservation in contexts where the Financial Compensation alone is insufficient to redress the harm to the recipient, thus in cases of underCompensation. The results of a pilot study and a lab experiment using the dictator game confirmed our hypotheses. Consequently, our studies demonstrate that even in purely economic settings, relational strategies (i.e., apologies) can facilitate relationship preservation over and above Financial strategies (i.e., Financial Compensation).