mitigate this by precommitting to pay high compensation regardless of the manager`s chosen strategy, but may optimally prefer …

The rate of cost pass-through exceeds 50% under strategic delegation of decision-making to managers with sales revenue …

Market share objectives are prominent in many industries, especially where managers pay much attention to league table … rankings. This paper explores the strategic rationale for giving managers incentives based on market share in an oligopoly … and investment banking industries. As predicted by the theory, firms in both industries use explicit contractual …

, investment rates are low.  I investigate three sources: detailed World Bank surveys of 6,500 manufacturing firms, a new panel … returns to be high throughout.  Micro-evidence and sectoral FDI data confirm that investment remains low outside the mining … industry and that the link between past profitability and current investment is weak in Africa.  Low investment despite high …

that, in case of multiple equilibria, consumers use the investment in quality as a coordination device.  We find that, in … equilibrium, platforms randomize over two disconnected intervals of investment levels, corresponding to competing for either the …

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

conditional correlation between trade openness and GDP per head growth - though openness has a positive link via investment. The …

This paper extends the model of Fielding (1999), which is designed to explain changes in investment in South Africa … the political factors, but these factors do explain some of the variation in investment over time. …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

matter for efficiency, investment and growth. With all land state-owned, the threat of land redistribution never appears far … and tenure insecurity affect household investment decisions, focusing on trees and shrubs. The panel data estimates … suggest that limited perceive transfer rights, and the threat of expropriation, negatively affects the long-term investment in …