IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v18y2021i23p12387-d687545.html
   My bibliography  Save this article

A Two-Stage SEM—Artificial Neural Network Analysis of the Rewards Effects on Self Perceived Performance in Healthcare

Author

Listed:
  • Claudiu George Bocean

    (Department of Management, Marketing and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Cristina Claudia Rotea

    (Faculty of Mechanics, University of Craiova, 200585 Craiova, Romania)

  • Anca Antoaneta Vărzaru

    (Department of Economics, Accounting and International Business, University of Craiova, 200585 Craiova, Romania)

  • Andra-Nicoleta Ploscaru

    (Doctoral School in Economic Sciences, University of Craiova, 200585 Craiova, Romania)

  • Cătălin-Ștefan Rotea

    (Doctoral School in Economic Sciences, University of Craiova, 200585 Craiova, Romania)

Abstract

Healthcare managers consider the rewards and performances of employees as central elements of their activities due to the challenges caused by the phenomenon of healthcare employees’ emigrating to higher-income countries, which has reduced patient satisfaction and led to a negative image of hospitals. In this context, this paper analyzes how employee rewards influence the employees’ self-perceived performances in the hospital units of the emergency medical system in Romania. Using structural equation modeling, we analyzed the relationships between the investigated variables, showing that financial motivation and the recognition of employees’ merits are central to employees’ self-perceived performances. Ensuring equity also has a positive impact on how the reward package is established and managed. While financial rewards are the most important incentives to increase efforts to exhibit higher performances, recognition has a long-term motivational effect.

Suggested Citation

  • Claudiu George Bocean & Cristina Claudia Rotea & Anca Antoaneta Vărzaru & Andra-Nicoleta Ploscaru & Cătălin-Ștefan Rotea, 2021. "A Two-Stage SEM—Artificial Neural Network Analysis of the Rewards Effects on Self Perceived Performance in Healthcare," IJERPH, MDPI, vol. 18(23), pages 1-19, November.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:23:p:12387-:d:687545
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/18/23/12387/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1660-4601/18/23/12387/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ittner, Christopher D. & Lambert, Richard A. & Larcker, David F., 2003. "The structure and performance consequences of equity grants to employees of new economy firms," Journal of Accounting and Economics, Elsevier, vol. 34(1-3), pages 89-127, January.
    2. Levent Kutlu, 2020. "Greenhouse Gas Emission Efficiencies of World Countries," IJERPH, MDPI, vol. 17(23), pages 1-11, November.
    3. Yuen-Onn Choong & Thiam-Yong Kuek & Eng-Keong Lee, 2012. "Job Satisfaction of Malaysian Nurses: A Causal Model," Journal of Economics and Behavioral Studies, AMH International, vol. 4(12), pages 723-729.
    4. Tifang Ye & Hao Zheng & Xiangyu Ge & Keling Yang, 2021. "Pathway of Green Development of Yangtze River Economics Belt from the Perspective of Green Technological Innovation and Environmental Regulation," IJERPH, MDPI, vol. 18(19), pages 1-26, October.
    5. Catalin Stefan Rotea & Monica Logofatu & Catalin Stefan Rotea, 2018. "Evaluating The Impact Of Reward Policies On Employee Productivity And Organizational Performance In Hospitals," Eurasian Journal of Business and Management, Eurasian Publications, vol. 6(2), pages 65-72.
    6. repec:aio:manmar:v:xvi:y:2019:i:1:p:74-95 is not listed on IDEAS
    7. Ioan Moise Achim & Larisa Dragolea & George Bălan, 2013. "The Importance Of Employee Motivation To Increase Organizational Performance," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-32.
    8. Catalin Stefan ROTEA, 2019. "Assessment Of Compensation Policies In A Public Hospital From Romania. Case Study: Slatina County Emergency Hospital," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 74-95, May.
    9. Barringer, Bruce R. & Jones, Foard F. & Neubaum, Donald O., 2005. "A quantitative content analysis of the characteristics of rapid-growth firms and their founders," Journal of Business Venturing, Elsevier, vol. 20(5), pages 663-687, September.
    10. George Baker, 2002. "Distortion and Risk in Optimal Incentive Contracts," Journal of Human Resources, University of Wisconsin Press, vol. 37(4), pages 728-751.
    11. Luigi DUMITRESCU & Iuliana CETINA & Alma PENTESCU, 2012. "Employee Satisfaction Measurement – Part of Internal Marketing," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 37-48, March.
    12. Ramon Sala-Garrido & Manuel Mocholi-Arce & Maria Molinos-Senante & Michail Smyrnakis & Alexandros Maziotis, 2021. "Eco-Efficiency of the English and Welsh Water Companies: A Cross Performance Assessment," IJERPH, MDPI, vol. 18(6), pages 1-17, March.
    13. Podsakoff, Nathan P. & Podsakoff, Philip M. & Kuskova, Valentina V., 2010. "Dispelling misconceptions and providing guidelines for leader reward and punishment behavior," Business Horizons, Elsevier, vol. 53(3), pages 291-303, May.
    14. Roberto Moro Visconti & Donato Morea, 2020. "Healthcare Digitalization and Pay-For-Performance Incentives in Smart Hospital Project Financing," IJERPH, MDPI, vol. 17(7), pages 1-25, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anthony M. Marino & Ján Zábojník, 2008. "Work‐related perks, agency problems, and optimal incentive contracts," RAND Journal of Economics, RAND Corporation, vol. 39(2), pages 565-585, June.
    2. Dietl, Helmut M. & Grossmann, Martin & Lang, Markus & Wey, Simon, 2013. "Incentive effects of bonus taxes in a principal-agent model," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 93-104.
    3. Joanne Oxley & Gurupdesh Pandher, 2016. "Equity-based incentives and collaboration in the modern multibusiness firm," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1379-1394, July.
    4. Susan Feng Lu, 2012. "Multitasking, Information Disclosure, and Product Quality: Evidence from Nursing Homes," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(3), pages 673-705, September.
    5. Nick Zubanov & W.S. Siebert, 2009. "Management economics in a large UK retailer," CPB Discussion Paper 125, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Dietrichson, Jens, 2013. "Coordination Incentives, Performance Measurement and Resource Allocation in Public Sector Organizations," Working Papers 2013:26, Lund University, Department of Economics.
    7. Brigitte Kroon & Karina Voorde & Jules Timmers, 2013. "High performance work practices in small firms: a resource-poverty and strategic decision-making perspective," Small Business Economics, Springer, vol. 41(1), pages 71-91, June.
    8. Simon Burgess & Carol Propper & Marisa Ratto & Emma Tominey, 2017. "Incentives in the Public Sector: Evidence from a Government Agency," Economic Journal, Royal Economic Society, vol. 127(605), pages 117-141, October.
    9. repec:awi:wpaper:0421 is not listed on IDEAS
    10. Bellés Obrero, Cristina & Lombardi, María, 2019. "Teacher Performance Pay and Student Learning: Evidence from a Nationwide Program in Peru," IZA Discussion Papers 12600, Institute of Labor Economics (IZA).
    11. Leslie A. Robinson & Phillip C. Stocken, 2013. "Location of Decision Rights Within Multinational Firms," Journal of Accounting Research, Wiley Blackwell, vol. 51(5), pages 1261-1297, December.
    12. Thiele, Veikko, 2007. "Performance measurement in multi-task agencies," Research in Economics, Elsevier, vol. 61(3), pages 148-163, September.
    13. Michael Raith, 2008. "Specific knowledge and performance measurement," RAND Journal of Economics, RAND Corporation, vol. 39(4), pages 1059-1079, December.
    14. D’Angelo, Alfredo & Presutti, Manuela, 2019. "SMEs international growth: The moderating role of experience on entrepreneurial and learning orientations," International Business Review, Elsevier, vol. 28(3), pages 613-624.
    15. Maria Tunberg & Alistair R. Anderson, 2020. "Growing a small firm; experiences and managing difficult processes," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1445-1463, December.
    16. Bernard Kwamena Cobbina Essel & Faizal Adams & Kwadwo Amankwah, 2019. "Effect of entrepreneur, firm, and institutional characteristics on small-scale firm performance in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-20, December.
    17. Jan Zabojnik, 2014. "Stock-based Compensation Plans And Employee Incentives," Working Paper 1325, Economics Department, Queen's University.
    18. Anna Savoldelli & Daniele Landi & Caterina Rizzi, 2024. "Exploring Quantitative Methodologies for Assessing the Environmental, Social, and Economic Impacts of Telemedicine: A Literature Review," Sustainability, MDPI, vol. 16(6), pages 1-25, March.
    19. Phanish Puranam & Harbir Singh & Saikat Chaudhuri, 2009. "Integrating Acquired Capabilities: When Structural Integration Is (Un)necessary," Organization Science, INFORMS, vol. 20(2), pages 313-328, April.
    20. Meng, Dawen & Tian, Guoqiang, 2013. "Multi-task incentive contract and performance measurement with multidimensional types," Games and Economic Behavior, Elsevier, vol. 77(1), pages 377-404.
    21. Block, Sidney T. & Friebel, Guido & Heinz, Matthias & Zubanov, Nick, 2022. "Mystery Shopping as a Strategic Management Practice in Multi-Site Firms," IZA Discussion Papers 15599, Institute of Labor Economics (IZA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:18:y:2021:i:23:p:12387-:d:687545. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.