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Monitoring Bank Performance in the Presence of Risk

Epure, Mircea; Lafuente, Esteban - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

This paper proposes a managerial control tool that integrates risk in efficiency measures. Building on existing efficiency specifications, our proposal reflects the real banking technology and accurately models the relationship between desirable and undesirable outputs. Specifically, the...

Persistent link: https://www.econbiz.de/10010950600

Oligopolistic Equilibrium and Financial Constraints

Beviá, Carmen; Corchón, Luis C.; Yasuda, Yosuke - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

In this paper we present a model of oligopoly and financial constraints. We study allocations which are bankruptcy-free (BF) in the sense that no firm can drive another firm to bankruptcy without becoming bankrupt. We show how such allocations can be sustained as an equilibrium of a dynamic...

Persistent link: https://www.econbiz.de/10010547504

Benchmarking for Routines and Organizational Knowledge

Epure, Mircea - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

This paper adopts a managerial accounting perspective to propose and empirically illustrate a research design for firm decision making based on performance feedback. In doing so, it operationalizes the theoretical frameworks based on the endogenous components of across-firms heterogeneous...

Persistent link: https://www.econbiz.de/10011095070

Firms’ Response and Unintended Health Consequences of Industrial Regulations

Hansman, Christopher; Hjort, Jonas; León, Gianmarco - Barcelona Graduate School of Economics (Barcelona GSE) - 2015

Regulations that constrain ﬁrms’ externalities in one dimension can distort incentives and worsen externalities in other dimensions. In Peru’s industrial ﬁshing sector, the world’s largest, ﬁshing boats catch anchovy that plants along the coast convert into ﬁshmeal. Matching...

Persistent link: https://www.econbiz.de/10011188508

A Theory of Information Flows

Jeon, Doh-Shin - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

Obtaining information about changes in market conditions is vital for the survival of the firms operating in a changing environment. In this paper, we offer a theory of information flows in a setting in which the principal faces a project choice and needs to induce the agent, who is responsible...

Persistent link: https://www.econbiz.de/10010547251

Relying on the Agent in Charge of Production for Project Evaluation

Jeon, Doh-Shin - Barcelona Graduate School of Economics (Barcelona GSE) - 2006

I study the optimal project choice when the principal relies on the agent in charge of production for project evaluation. The principal has to choose between a safe project generating a fixed revenue and a risky project generating an uncertain revenue. The agent has private information about the...

Persistent link: https://www.econbiz.de/10010547373

Mechanism Design under Collusion and Uniform Transfers

Jeon, Doh-Shin - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

In this paper, we study mechanism design under collusion and uniform transfers focusing on the transaction costs in … firms fail to realize the gains because of the transaction costs created by asymmetric information. When the gains are … larger than the threshold, we characterize the optimal collusion-proof mechanism which fully exploits the transaction costs …

Persistent link: https://www.econbiz.de/10010547534

Assessing Technology-based Spin-offs from University Support Units

Epure, Mircea; Prior, Diego; Serarols, Christian - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

This paper takes a regional studies approach to assess the efficiency of technology-based spin-offs that benefited from financial and infrastructure aid. It does so by following the objectives of institutions for regional support and provides evidence on spin-offs created within the special case...

Persistent link: https://www.econbiz.de/10010851399

Corporate Governance and Corporate Social Performance: The Influence of Boards, Ownership and Institutions

Desender, Kurt A.; Epure, Mircea - Barcelona Graduate School of Economics (Barcelona GSE) - 2015

distribution of costs and benefits to shareholders and other stakeholders is crucial to understand what drives CSP. We analyze a …

Persistent link: https://www.econbiz.de/10011188509

Observability and Overcoming Coordination Failure in Organizations. An Experimental Study

Brandts, Jordi; Cooper, David J. - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

either start with low financial incentives for coordination, which typically leads to coordination failure, and then are … switched to higher incentives or start with high incentives, which typically yield effective coordination, and are switched to … results: (1) The use of full feedback improves the ability of organizations to overcome coordination failure, (2) The use of …

Persistent link: https://www.econbiz.de/10010547425