Narrow search
Showing 1 - 10 of 78
Cover Image
Why Do Worker-Firm Matches Dissolve?
Gielen, Anne; Ours, Jan C van - C.E.P.R. Discussion Papers - 2006
In a dynamic labor market worker-firm matches dissolve frequently causing workers to separate and firms to look for replacements. A separation may be initiated by the worker (a quit) or the firm (a layoff), or may result from a joint decision. A dissolution of a worker-firm match may be...
Persistent link: https://www.econbiz.de/10005789184
Cover Image
The Internal Governance of Firms
Acharya, Viral V; Myers, Stewart C; Rajan, Raghuram G - C.E.P.R. Discussion Papers - 2009
We develop a model of internal governance where the self-serving actions of top management are limited by the potential reaction of subordinates. We find that internal governance can mitigate agency problems and ensure firms have substantial value, even without any external governance. Internal...
Persistent link: https://www.econbiz.de/10004980207
Cover Image
Relational contracts when the agent's productivity inside the relationship is correlated with outside opportunities
Wagner, Alexander F - C.E.P.R. Discussion Papers - 2011
An agent can choose to forego benefits from side opportunities and to instead provide benefits to the principal. In return, the principal offers rewards. If this exchange is not contractible, typically repeated interaction will be required to sustain it. This model allows the agent's...
Persistent link: https://www.econbiz.de/10009002384
Cover Image
Publish or Perish? Incentives and Careers in Italian Academia
Checchi, Daniele; De Fraja, Gianni; Verzillo, Stefano - C.E.P.R. Discussion Papers - 2014
We derive a theoretical model of effort in the presence of career concern based on the multi-unit all-pay auction, and closely inspired by the Italian academic market. In this model, the number of applicants, the number of new posts, and the relative importance of the determinants of promotion...
Persistent link: https://www.econbiz.de/10011083915
Cover Image
Herding cats? Management and university performance
McCormack, John; Propper, Carol; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2013
Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey nearly 250 departments across 100+ UK universities. We find large differences in management scores across universities and that departments in older, research-intensive...
Persistent link: https://www.econbiz.de/10011084536
Cover Image
Coworkers, Networks, and Job Search Outcomes
Saygin, Perihan; Weber, Andrea; Weynandt, Michèle A. - C.E.P.R. Discussion Papers - 2014
Social networks are an important channel of information transmission in the labor market. This paper studies the mechanisms by which social networks have an impact on labor market outcomes of displaced workers. We base our analysis on administrative records for the universe of private sector...
Persistent link: https://www.econbiz.de/10011084542
Cover Image
The Choice of Honesty: An Experiment Regarding Heterogeneous Responses to Situational Social Norms
Gibson, Rajna; Tanner, Carmen; Wagner, Alexander F - C.E.P.R. Discussion Papers - 2014
We conduct a laboratory experiment in which we expose participants to situational social norms of approval or disapproval of lying. While participants on average conform to the situational pressure, the results highlight important differences in individual reactions. Situational norms crowd out...
Persistent link: https://www.econbiz.de/10011145452
Cover Image
Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence
Albuquerque, Rui; Durnev, Artyom; Koskinen, Yrjö - C.E.P.R. Discussion Papers - 2013
This paper presents an industry equilibrium model where firms can choose to engage in corporate social responsibility (CSR) activities. We model CSR activities as an investment in customer loyalty and show that CSR decreases systematic risk and increases firm value. These effects are stronger...
Persistent link: https://www.econbiz.de/10011083749
Cover Image
Demand learning and firm dynamics: evidence from exporters
Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …
Persistent link: https://www.econbiz.de/10011213311
Cover Image
On the Genesis of Multinational Foreign Affiliate Networks
Egger, Peter; Fahn, Matthias; Merlo, Valeria; Wamser, Georg - C.E.P.R. Discussion Papers - 2011
correlated learning may render it optimal to enter markets sequentially – an investment in market A is only followed by entry in …, we identify correlated learning across markets beyond alternative explanations as a key driver of gradualism in the …
Persistent link: https://www.econbiz.de/10009246612