Economics and Business
Quarterly Reviews
ISSN 2775-9237 (Online)
Published: 24 February 2024
Incentivizing Excellence: Evaluating the Impact of Financial and Moral Incentives on Employee Performance in Libyan Governmental Universities
Ghazi M Moftah Elkwafi, Figen Yesilada
Cyprus International University
Download Full-Text Pdf
10.31014/aior.1992.07.01.562
Pages: 102-112
Keywords: Financial Incentives, Moral, Incentives, Employee Performance, Libya, Governmental Universities
Abstract
Since the main objective of any organization is to provide the best services and achieve the goals for which it was established, and due to the significant role of financial and moral incentives in influencing the performance of employees to carry out the work assigned to them to reach the objectives of the institution, this study aims to identify the importance of the financial and moral incentives offered to employees of the Libyan governmental universities, the extent of their impact on employee performance, and whether there are clear differences in the opinions of the respondents about the questions of the study according to their personal and functional variables. In order to achieve these objectives, the descriptive approach, based on the study of the relationship as it is in fact, will be used as a detailed description and expression, as it is based on the random sampling of five Libyan government universities by designing a questionnaire and distributing it to a random sample in the universities equally.
References
Ahmad, S., & Shahzad, K. (2011). HRM and employee performance: A case of university teachers of Azad Jammu and Kashmir (AJK) in Pakistan. African journal of business management, 5(13), 5249.
Ahmed, I., Sultana, I., Paul, S. K., & Azeem, A. (2013). Employee performance evaluation: A fuzzy approach. International Journal of Productivity and Performance Management, 62(7), 718-734.
Ali, S., & Farooqi, Y. A. (2014). Effect of work overload on job satisfaction, effect of job satisfaction on employee performance and employee engagement (a case of public sector University of Gujranwala Division). International Journal of Multidisciplinary Sciences and Engineering, 5(8), 23-30.
Alnsour, A., & Kanaan, O. (2021). The effects of financial and non-financial incentives on job tenure. Management Science Letters, 11(3), 729-736.
Al-Nsour, M. (2012). Relationship between incentives and organizational performance for employees in the Jordanian Universities. International journal of business and management, 7(1), 78.
Andersen, L. B., & Pallesen, T. (2008). “Not just for the money?” How financial incentives affect the number of publications at Danish research institutions. International Public Management Journal, 11(1), 28-47.
Batory, A., & Lindstrom, N. (2011). The power of the purse: Supranational entrepreneurship, financial incentives, and European higher education policy. Governance, 24(2), 311-329.
Boland, W. C. (2020). Performance funding and historically black colleges and universities: An assessment of financial incentives and baccalaureate degree production. Educational Policy, 34(4), 644-673.
Bowles, S. (2016). The moral economy: Why good incentives are no substitute for good citizens. Yale University Press.
Bursztyn, L., Fiorin, S., Gottlieb, D., & Kanz, M. (2019). Moral incentives in credit card debt repayment: Evidence from a field experiment. Journal of Political Economy, 127(4), 1641-1683.
Chaix-Couturier, C., Durand-Zaleski, I., Jolly, D., & Durieux, P. (2000). Effects of financial incentives on medical practice: results from a systematic review of the literature and methodological issues. International Journal for Quality in Health Care, 12(2), 133-142.
Collier, P., & Venables, A. J. (2014). Closing coal: economic and moral incentives. Oxford Review of Economic Policy, 30(3), 492-512.
Dechenaux, E., Thursby, J., & Thursby, M. (2011). Inventor moral hazard in university licensing: The role of contracts. Research policy, 40(1), 94-104.
Decramer, A., Smolders, C., & Vanderstraeten, A. (2013). Employee performance management culture and system features in higher education: relationship with employee performance management satisfaction. The International Journal of Human Resource Management, 24(2), 352-371.
Denning, J. T., & Turley, P. (2017). Was that SMART?: Institutional financial incentives and field of study. Journal of Human Resources, 52(1), 152-186.
Elgelal, K. S. K., & Noermijati, N. (2015). The influences of transformational leaderships on employees performance (A study of the economics and business faculty employee at University of Muhammadiyah Malang). APMBA (Asia Pacific Management and Business Application), 3(1), 48-66.
Elumah Lucas, O., Ibrahim Olaniyi, M., & Shobayo Peter, B. (2016). The impact of financial and moral incentives on organizational performance: A study of Nigerian universities. Arab. J. Bus. Manag. Rev, 6(2).
Hussain, R. I., Shah, R. T., & Raza, M. H. (2012). Relationship between incentives and organizational performance for employees in the Pakistani universities. International Journal of Asian Social Science, 2(11), 2027-2033.
Inuwa, M. (2016). Job satisfaction and employee performance: An empirical approach. The Millennium University Journal, 1(1), 90-103.
Langdown, C., & Peckham, S. (2014). The use of financial incentives to help improve health outcomes: is the quality and outcomes framework fit for purpose? A systematic review. Journal of Public Health, 36(2), 251-258.
Lee, K. J. (2018). Strategic human resource management for university-industry collaborations in Korea: financial incentives for academic faculty and employment security of industry liaison offices. Technology Analysis & Strategic Management, 30(4), 461-472.
Link, A. N., & Siegel, D. S. (2005). Generating science-based growth: An econometric analysis of the impact of organizational incentives on university–industry technology transfer. European Journal of Finance, 11(3), 169-181.
Miller, G. J., & Whitford, A. B. (2007). The principal's moral hazard: Constraints on the use of incentives in hierarchy. Journal of Public Administration Research and Theory, 17(2), 213-233.
Obeidat, O., & AL-Dwairi, K. M. (2015). The role of the financial and moral incentives on employees’ performance in academic libraries: Case study of Jordan. International Journal of Library and Information Science Studies, 1(1), 12-26.
Oliver, A., & Brown, L. D. (2012). A consideration of user financial incentives to address health inequalities. Journal of health politics, policy and law, 37(2), 201-226.
Ridwan, M., Mulyani, S. R., & Ali, H. (2020). Improving employee performance through perceived organizational support, organizational commitment and organizational citizenship behavior. Systematic Reviews in Pharmacy, 11(12).
Rinny, P., Purba, C. B., & Handiman, U. T. (2020). The influence of compensation, job promotion, and job satisfaction on employee performance of Mercubuana University. International Journal of Business Marketing and Management (IJBMM), 5(2), 39-48.
Shields, J., Brown, M., Kaine, S., Dolle-Samuel, C., North-Samardzic, A., McLean, P., ... & Robinson, J. (2015). Managing employee performance & reward: Concepts, practices, strategies. Cambridge University Press.
Wanza, L., & Nkuraru, J. K. (2016). Influence of change management on employee performance: A case of university of Eldoret, Kenya. International Journal of Business and Social Science, 7(4), 190-199.
Williams, A. (1998). Incentives, inequality, and publicity. Philosophy & public affairs, 27(3), 225-247.