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theories of HRM. We look at some of the determinants of HRM -- risk, competition, ownership and regulation. The largest section …
Persistent link: https://www.econbiz.de/10008468650
This paper studies the promotion policy of a large, hi-tech manufacturing Japanese firm. We find that the company has multiple ports of entry and hires a significant number of employees with previous job experience. In addition, cohort-peer differentiation in promotion starts much earlier than...
Persistent link: https://www.econbiz.de/10005123541
, link them to the incidence of innovation). The overwhelming feature of the data, however, is that productivity growth rates …
Persistent link: https://www.econbiz.de/10005123942
Eastern Europe is not well served with straightforward textbook advice. The common wisdom on privatization fails to address the problems created by diffuse ownership and control prior to privatization. Cash auctions may not efficiently match managers and capital stock because of wealth...
Persistent link: https://www.econbiz.de/10005124105
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters...
Persistent link: https://www.econbiz.de/10005034760
This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i) Task specialization and the division of labour is...
Persistent link: https://www.econbiz.de/10005497860
Transactions take place in the firm rather than in the market because the firm offers agents who make specific investments power. Past literature emphasizes the allocation of ownership as the primary mechanism by which the firm does this. Within the contractibility assumptions of this...
Persistent link: https://www.econbiz.de/10005498046
This paper uses a unique panel dataset of firms and workers to investigate the relationship between the firm’s lifecycle and the reallocation of labour. We distinguish labour reallocation associated with job reallocation, and reallocation of workers over a fixed configuration of jobs. We find...
Persistent link: https://www.econbiz.de/10005504225
than entrepreneurs. This empirically implausible result suggests that risk-based explanations for entrepreneurship are …In the 'Knightian' theory of entrepreneurship, entrepreneurs provide insurance to workers by paying fixed wages and … bear all the risk of production. This paper endogenizes entrepreneurial risk by allowing for optimal insurance contracts as …
Persistent link: https://www.econbiz.de/10005504306
There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption...
Persistent link: https://www.econbiz.de/10005504703