Showing 1 - 10 of 32
. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem …
Persistent link: https://www.econbiz.de/10009399707
implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned … by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock … their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans …
Persistent link: https://www.econbiz.de/10005041099
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10011084454
Performance indicators are increasingly used to regulate quality in health care and other areas of the public sector …
Persistent link: https://www.econbiz.de/10005123654
We analyse the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state-owned firms. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005124464
against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the …
Persistent link: https://www.econbiz.de/10005498005
In this paper firm level data are used to test whether competition affects productivity performance in three transition … pressure has a positive impact on firm performance in Hungary and Slovenia, but not in Romania, while in Romenia short …-run competitive pressure has a positive impact on performance. The paper also finds evidence that ownership matters. Traditional firms …
Persistent link: https://www.econbiz.de/10005498145
-advertising families. At the family level, flows have a convex relation with advertising expenditures, similar to that for performance … redemptions rather than increasing purchases of fund shares. We further find that advertising can affect the fund’s flow-performance …
Persistent link: https://www.econbiz.de/10011145467
We investigate an informal yet important mechanism in the private equity industry that helps to reduce uncertainty: relationship building. Based on a large sample of private equity funds over the 1980-2010 period, we find that the general partners strategically allocate good funds to loyal...
Persistent link: https://www.econbiz.de/10011186612
cases, trust-related active share delivers superior performance, whereas the economic magnitude is larger for cross …
Persistent link: https://www.econbiz.de/10011196025