The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore.
In a situation with a Principal-Agent problem, the principal will design a remuneration to induce optimal work effort. Fundraising is a typical principal-agent problem where charitable organization is unable to observe the work effort of volunteers. Our study aims to find out the effects of monetary...
| Hoofdauteurs: | , , |
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| Andere auteurs: | |
| Formaat: | Final Year Project (FYP) |
| Taal: | English |
| Gepubliceerd in: |
2013
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| Onderwerpen: | |
| Online toegang: | http://hdl.handle.net/10356/51981 |
| _version_ | 1826109956836818944 |
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| author | Liow, Jia Min. Nguyen, Thi Bao Tran. Nur Fadilah Iskander. |
| author2 | School of Humanities and Social Sciences |
| author_facet | School of Humanities and Social Sciences Liow, Jia Min. Nguyen, Thi Bao Tran. Nur Fadilah Iskander. |
| author_sort | Liow, Jia Min. |
| collection | NTU |
| description | In a situation with a Principal-Agent problem, the principal will design a remuneration to induce optimal work effort. Fundraising is a typical principal-agent problem where charitable organization is unable to observe the work effort of volunteers. Our study aims to find out the effects of monetary incentives on the work effort of volunteers and other factors which contribute to the differences in the work effort, in Singapore context. As such, we conducted a field test during the Glory Centre Community Services Association 2013 Flag Day. Our results showed that intrinsic motivations due to warm glow and volunteer’s personality (extraversion) play important roles in determining work effort. In addition, monetary incentives have a detrimental effect on work effort and should not be used in a fundraising event. |
| first_indexed | 2024-10-01T02:26:55Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/51981 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T02:26:55Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/519812019-12-10T11:18:10Z The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. Liow, Jia Min. Nguyen, Thi Bao Tran. Nur Fadilah Iskander. School of Humanities and Social Sciences Glory Centre Community Services Association Yohanes Eko Riyanto DRNTU::Social sciences In a situation with a Principal-Agent problem, the principal will design a remuneration to induce optimal work effort. Fundraising is a typical principal-agent problem where charitable organization is unable to observe the work effort of volunteers. Our study aims to find out the effects of monetary incentives on the work effort of volunteers and other factors which contribute to the differences in the work effort, in Singapore context. As such, we conducted a field test during the Glory Centre Community Services Association 2013 Flag Day. Our results showed that intrinsic motivations due to warm glow and volunteer’s personality (extraversion) play important roles in determining work effort. In addition, monetary incentives have a detrimental effect on work effort and should not be used in a fundraising event. Bachelor of Arts 2013-04-18T08:26:47Z 2013-04-18T08:26:47Z 2013 2013 Final Year Project (FYP) http://hdl.handle.net/10356/51981 en Nanyang Technological University 82 p. application/pdf |
| spellingShingle | DRNTU::Social sciences Liow, Jia Min. Nguyen, Thi Bao Tran. Nur Fadilah Iskander. The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. |
| title | The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. |
| title_full | The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. |
| title_fullStr | The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. |
| title_full_unstemmed | The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. |
| title_short | The effects of monetary rewards on volunteers' effort - experimental evidence in Singapore. |
| title_sort | effects of monetary rewards on volunteers effort experimental evidence in singapore |
| topic | DRNTU::Social sciences |
| url | http://hdl.handle.net/10356/51981 |
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