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Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2012

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However … behavioral forces shape an important transaction cost of integration – the abuse of authority – and by providing an empirical …

Persistent link: https://www.econbiz.de/10011084462

Conflict of Interest in Universal Banking: Bank Lending, Stock Underwriting, and Fund Management

Ber, Hedva; Yafeh, Yishay; Yosha, Oved - C.E.P.R. Discussion Papers - 2000

Using a newly-constructed data set on Israeli Initial Public Offering (IPO) firms in the 1990s, we study costs and benefits of universal banking. We find that a firm whose equity was underwritten by a bank-affiliated underwriter, when the same bank was also a large creditor of the firm in the...

Persistent link: https://www.econbiz.de/10005791310

Disclosure by Politicians

Djankov, Simeon; La Porta, Rafael; López-de-Silanes, … - C.E.P.R. Discussion Papers - 2009

We collect data on the rules and practices of financial and conflict disclosure by politicians in 175 countries. Although two thirds of the countries have some disclosure laws, less than a third make disclosures available to the public. Disclosure is more extensive in richer and more democratic...

Persistent link: https://www.econbiz.de/10005114449

Market-based Lobbying: Evidence from Advertising Spending in Italy

Della Vigna, Stefano; Durante, Ruben; Knight, Brian; La … - C.E.P.R. Discussion Papers - 2014

An extensive literature has studied lobbying by special interest groups. We analyze a novel lobbying channel: lobbying businessmen-politicians through business proxies. When a politician controls a business, firms attempting to curry favors shift their spending towards the politician's business....

Persistent link: https://www.econbiz.de/10011084332

Diversity in Organizations

Mello, Antonio S; Ruckes, Martin - C.E.P.R. Discussion Papers - 2001

groups depends on the leader's authority to make personnel decisions, especially whether the leader can replace team members …

Persistent link: https://www.econbiz.de/10005666493

Optimal Information Management: Organizations versus Markets

Castanheira, Micael; Leppämäki, Mikko - C.E.P.R. Discussion Papers - 2003

full authority over the agents, or they hand over this authority to an outside supplier by outsourcing these activities. By … incorporating authority in a stylized model of information processing, we endogenize the comparative advantage of each form of … authority is optimal. We also show which tasks should be outsourced to align the preferences of the outside supplier with those …

Persistent link: https://www.econbiz.de/10005666539

Resource Allocation and Firm Scope

Friebel, Guido; Raith, Michael - C.E.P.R. Discussion Papers - 2006

We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...

Persistent link: https://www.econbiz.de/10005666612

Why a Group Needs a Leader: Decision-making and Debate in Committees.

Dessein, Wouter - C.E.P.R. Discussion Papers - 2007

the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication …

Persistent link: https://www.econbiz.de/10005792030

Family Ties and Organizational Design: Evidence from Chinese Private Firms

Cai, Hongbin; Li, Hongbin; Park, Albert; Zhou, Li-An - C.E.P.R. Discussion Papers - 2010

Analyzing data from a unique survey of managers of Chinese private firms, we investigate how family ties with firm heads affect managerial compensation and job assignment. We find that family managers earn higher salaries and receive more bonuses, hold higher positions, and are given more...

Persistent link: https://www.econbiz.de/10008468597

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, Hans; Laeven, Luc; Ongena, Steven - C.E.P.R. Discussion Papers - 2007

communication technology, have a wider span of organization, and are further removed from a decision unit with lending authority …

Persistent link: https://www.econbiz.de/10005136523