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Toward an Economic Theory of Leadership: Leading by Example
Hermalin, Benjamin E. - EconWPA - 1997
This paper explores leadership within organizations. Leadership is distinct from authority because following a leader is a voluntary rather than coerced activity of the followers. This paper considers how a leader induces rational followers to follow her in situations when the leader has...
Persistent link: https://www.econbiz.de/10005413283
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Endogenous Firm Objectives
Renstrom, Thomas; Yalcin, Erkan - EconWPA - 2002
We analyze the behavior of a monopolistic firm in general equilibrium when the firm's decision are taken through shareholder voting. We show that, depending on the underlying distribution, rational voting may imply overproduction as well as underproduction, relative to the efficient level. Any...
Persistent link: https://www.econbiz.de/10005134520
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ENTREPRENEURS' ATTITUDES, STRATEGY CHOICES, AND FIRM PERFORMANCE
Phan, Phillip H.; Butler, John E. - EconWPA - 2005
This paper focuses on how attitudes affect entrepreneur’s strategy selection at the organizational level. It also attempts to discover if contingencies exist in this relationship that may account for differences in firm performance. The model developed, based on the existing literature, is...
Persistent link: https://www.econbiz.de/10005134537
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To a Mathematical Model of Economy and Environment Interaction //Mathematical modelling. 2003. V.15. No.4. P.107-121.
Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003
This paper presents new results of mathematical modeling of economy and environment interaction. A model of mutual interaction of livestock farming - one in a two main agricultural branches - and natural pastures that are the essential part of livestock farming forage reserve is proposed....
Persistent link: https://www.econbiz.de/10005062740
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Endogenously Chosen Boards of Directors and Their Monitoring of the CEO
Hermalin, Benjamin E.; Weisbach, Michael S. - EconWPA - 1996
A fundamental issue in governance research is how boards can be chosen through a process partially controlled by the CEO but yet can still be somewhat effective in monitoring the CEO. We offer an answer based on a model in which board effectiveness is a function of the board's independence....
Persistent link: https://www.econbiz.de/10005135092
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Recognizing Investment Opportunities at the Onset of Recoveries
Fioretti, Guido - EconWPA - 2002
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in order to model investments in novel fields of economic activity, that according to this model are carried out when firms recognize the emergence of a new technological pattern....
Persistent link: https://www.econbiz.de/10005076670
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The Investment Acceleration Principle Revisited by Means of a Neural Net
Fioretti, Guido - EconWPA - 2002
The investment acceleration principle is a heuristic for modeling investment time series out of consumption time series. The model presented herein develops a disaggregated accelerator equation whose coefficients are the weights of a Kohonen neural net that represents firms' decision-making....
Persistent link: https://www.econbiz.de/10005413002
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Information Structure and Behaviour of a Textile Industrial District
Fioretti, Guido - EconWPA - 2002
This article presents a model of the structure of the information flows that underlie the creation of production chains between thousands of small textile firms located in Prato, central Italy. Contrary to most textile industry of western Europe and north America, Prato did not die out once...
Persistent link: https://www.econbiz.de/10005556226
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Community Perceptions of Unmeasured Quality Improvement in Goods and Services
Black, Ian - EconWPA - 2003
Because of the costs involved in such exercises, current productivity measures do not necessarily fully take into account changes in the quality of goods and services over time. This paper outlines the derivation of measures that lead to quantification of the “community preference for its...
Persistent link: https://www.econbiz.de/10005561828
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Spinoffs, Privatization and Corporate Performance in Emerging Markets
Hanousek, Jan; Kocenda, Evzen; Svejnar, Jan - EconWPA - 2004
We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We find that … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization …
Persistent link: https://www.econbiz.de/10005077066