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The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10009024602
We study the impact of and reward to middle management ability using data from 245 stores of a nationwide retailer. The company scores six broad areas of management practice, the most important of which turns out to be "commercial awareness", where able managers raise labour productivity by 17%...
Persistent link: https://www.econbiz.de/10005703534
correct the effects of both time invariant and slow changing endogenous variables. We find that credit information …
Persistent link: https://www.econbiz.de/10008455552
Incentives often fail in inducing economic agents to engage in a desirable activity; implementability is restricted. What restricts implementability? When does re-organization help to overcome this restriction? This paper shows that any restriction of implementability is caused by an...
Persistent link: https://www.econbiz.de/10008727777
In multiple-task hidden-action models, the (mis-)allocation of effort may play an important role for benefit creation. Signals which capture this benefit and which are used in incentive schemes should thus not only be judged by the noise and the associated costs but also by the mis-allocation...
Persistent link: https://www.econbiz.de/10005761834
When designing incentives for a manager, the trade-off between insurance and a “good” allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity...
Persistent link: https://www.econbiz.de/10005566602
%. At the household level, street paving increased the use of collateral-based credit and average loan size. Additionally … result of pavement. We provide compelling evidence that the mechanism explaining the durable goods increase is the credit … channel: the raise in durable goods as well as in credit use was only present among households with access to financial …
Persistent link: https://www.econbiz.de/10008756380
' inability to cover short-term consumption needs with savings or credit. We conduct a field experiment in rural Zambia to … investigate the relationship between credit availability and rural labor supply. We find that providing households with access to … credit during the growing season substantially alters the allocation of household labor, with households in villages randomly …
Persistent link: https://www.econbiz.de/10011094086
Agricultural credit is one of the most crucial inputs in all agricultural development programmes. Access of rural … credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India …
Persistent link: https://www.econbiz.de/10011100176
examines the effect of credit, insurance, and poverty (defined as more than just low income). It also explains bonded child …
Persistent link: https://www.econbiz.de/10005763893