Introduction
Organizational theorists have long acknowledged the
importance of the formal and informal incentives facing
a firm’s employees, stressing that the political economy
of a firm plays a major role in shaping organizational life
and firm behavior (Ancona et al. 1999, Pfeffer 1990). Yet
the detailed study of incentive systems has traditionally
been left in the hands of (organizational) economists,
with most organizational theorists focusing their attention
on critical problems in culture, network structure,
framing and so on—in essence, the social context in
which economics and incentive systems are embedded
(Stark 2000).