Showing 1 - 10 of 17
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...
Persistent link: https://www.econbiz.de/10005761852
We show experimentally that a principal’s distrust in the voluntary performance of an agent has a negative impact on the agent’s motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides whether he wants to restrict the agents’ choice set...
Persistent link: https://www.econbiz.de/10005762323
employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave … value created is sufficiently small relative to the agent’s outside option. If the principal can use an option contract for …
Persistent link: https://www.econbiz.de/10005703004
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10009024592
contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …
Persistent link: https://www.econbiz.de/10005566722
one caused by sector-specific job characteristics. A natural experiment – the massive privatization process in post …-Soviet countries – allows correcting potential self-selection bias. Industry-specific privatization probabilities are assigned to …
Persistent link: https://www.econbiz.de/10010884142
privatization in postcommunist Russia. Taking advantage of large regional variation in the size of public administrations, and … employing a multilevel research design that controls for pre-privatization selection in the estimation of regional privatization … effects, we examine the relationship between state bureaucracy and the impact of privatization on firm productivity. We find …
Persistent link: https://www.econbiz.de/10005002818
This paper investigates the role of structural reforms – privatization, financial reform and trade liberalization – as … financial liberalization and privatization. These results are robust to different measures of reforms, split samples, and …
Persistent link: https://www.econbiz.de/10005761719
We explore the impact of privatization and the entry of new firms on enterprise performance in Belarus, a transition …
Persistent link: https://www.econbiz.de/10005761783
privatized firms. First, accounting data prior to and after the privatization are employed to measure the operating performance … are significantly different to private counterparts. Overall results, however, show that the privatization in Sweden was …
Persistent link: https://www.econbiz.de/10005762205