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The Flattening Firm and Product Market Competition

Guadalupe, Maria; Wulf, Julie - C.E.P.R. Discussion Papers - 2009

This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment (trade liberalization), we find that increasing competition...

Persistent link: https://www.econbiz.de/10005792092

Computing Crime: Information Technology, Police Effectiveness and the Organization of Policing

Garicano, Luis; Heaton, Paul - C.E.P.R. Discussion Papers - 2006

How does information technology (IT) affect the organization of police work? How does it in turn affect police crime-fighting effectiveness? To answer these questions, we construct a new panel data set of police departments covering 1987-2003. We find that while IT adoption had substantial...

Persistent link: https://www.econbiz.de/10005792143

The Return to Knowledge Hierarchies

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2007

Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. To quantify this effect, we analyze the earnings and organization of U.S. lawyers and use the equilibrium...

Persistent link: https://www.econbiz.de/10005136470

Managerial Leverage is Limited By the Extent of the Market: Hierarchies, Specialization and the Utilization of Lawyers' Human Capital

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2005

This paper examines hierarchies’ role in the organization of human-capital-intensive production. We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. We show how the...

Persistent link: https://www.econbiz.de/10005497763

Distributional Conflict in Organisations

Inderst, Roman; Mueller, Holger M; Wärneryd, Karl - C.E.P.R. Discussion Papers - 2002

Hierarchy can function as an instrument to channel influence activities or power struggles in organizations. Contrary …

Persistent link: https://www.econbiz.de/10005504716

Optimal Patronage

Drugov, Mikhail - C.E.P.R. Discussion Papers - 2015

We study the design of promotions in an organization where agents belong to groups that advance their cause. Examples and applications include political groups, ethnicities, agents motivated by the work in the public sector and corruption. In an overlapping generations model, juniors compete for...

Persistent link: https://www.econbiz.de/10011145475

Media Freedom, Bureaucratic Incentives and the Resource Curse

Egorov, Georgy; Guriev, Sergei; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2006

How can a non-democratic ruler provide proper incentives for state bureaucracy? In the absence of competitive elections …

Persistent link: https://www.econbiz.de/10005123655

Bureaucracy as a Mechanism to Generate Information

Novaes, Walter; Zingales, Luigi - C.E.P.R. Discussion Papers - 2003

managerial agency costs in a multi-layer hierarchy. The model predicts that bureaucracy increases with the frequency of … Paper argues that the thin line between efficient management practices and inefficient bureaucracy is crossed to curb … managerial turnover, and it establishes a link between bureaucracy, incentive schemes, and leverage in a cross-section of firms. …

Persistent link: https://www.econbiz.de/10005504447

Corporate Culture, Societal Culture, and Institutions

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2015

While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two and itself sustains formal institutions. Cultural changes are rarer and slower than changes in legal institutions, which makes it difficult to identify the role played by culture....

Persistent link: https://www.econbiz.de/10011168899

The Value of Corporate Culture

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2013

We study which dimensions of corporate culture are related to a firm’s performance and why. We find that proclaimed values appear irrelevant. Yet, when employees perceive top managers as trustworthy and ethical, firm’s performance is stronger. We then study how different governance...

Persistent link: https://www.econbiz.de/10011084023