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We model a firm in an institutional market setting, consisting of a production technology and its governance. The … governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the …
Persistent link: https://www.econbiz.de/10010325411
We find that the decision by a potential acquirer to complete or cancel an announced acquisitionproposal is sensitive to new information generated after the announcement of the acquisition.Both the acquirer and target’s cumulative abnormal returns (CAR) over different windows afterthe...
Persistent link: https://www.econbiz.de/10005870070
Persistent link: https://www.econbiz.de/10003813383
We model a firm in an institutional market setting, consisting of a production technology and its governance. The … governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the …
Persistent link: https://www.econbiz.de/10011343293
Persistent link: https://www.econbiz.de/10009676133
I study the capacity of business associations - private, formal, noncommercial organizations designed to promote the common business interests of their members - to support contract enforcement and collective action. Inspired by recent empirical literature, my theoretical framework connects the...
Persistent link: https://www.econbiz.de/10013108863
We study the capacity of business associations|private, formal, noncommercial organizations designed to promote the common business interests of their members|to support contract enforcement and collective action. Inspired by recent empirical literature, our theoretical framework connects the...
Persistent link: https://www.econbiz.de/10013064974
This chapter reviews and discusses rational-choice approaches to organizational governance. These approaches are found …
Persistent link: https://www.econbiz.de/10012726153
corruption. The lack of a general theory linking corruption and development prevents us from disentangling China's paradox. This … explains the changing role of corruption in the process of China's recent development. …
Persistent link: https://www.econbiz.de/10014518042
general questions concerning the regional and global waxing and waning of domestic regime types. Evolution's claims about the … co-evolution and niche construction are crucial: an agent may modify its environment such that one or more traits of that … agent enjoy a greater reproductive advantage. Agency, then, may be not an escape from evolution but a participation in co-evolution …
Persistent link: https://www.econbiz.de/10011596791