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Social Incentives Matter: Evidence from an Online Real Effort Experiment

Tonin, Mirco; Vlassopoulos, Michael - Institute for the Study of Labor (IZA) - 2012

Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Social Responsibility activities. This paper compares the effectiveness of social incentives to financial incentives using an online real effort...

Persistent link: https://www.econbiz.de/10010959558

Individual and Corporate Social Responsibility

Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2009

Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the "psychology and economics" of prosocial behavior to shed light on this trend, which...

Persistent link: https://www.econbiz.de/10008469709

Are Employees Better Off in Socially Responsible Firms?

Tamm, Katrin; Eamets, Raul; Mõtsmees, Pille - Institute for the Study of Labor (IZA) - 2010

The growing awareness of the issue of corporate social responsibility (CSR) has raised the questions about how responsible behavior of firms would impact employees’ well-being. This paper investigates the link between corporate social responsibility and job satisfaction, which is a more widely...

Persistent link: https://www.econbiz.de/10008805613

Determinants of Managerial Values on Corporate Social Responsibility: Evidence from China

Zu, Liangrong; Song, Lina - Institute for the Study of Labor (IZA) - 2008

This paper empirically investigates how Chinese executives and managers perceive and interpret corporate social … responsibility (CSR), to what extent firms’ productive characteristics influence managers’ attitudes towards their CSR rating, and … in poorer regions that are more likely to have managers who opt for a higher CSR rating. Managers’ personal …

Persistent link: https://www.econbiz.de/10005566698

Legal Corruption, Politically Connected Corporate Governance and Firm Performance

Domadenik, Polona; Prašnikar, Janez; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2014

In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...

Persistent link: https://www.econbiz.de/10010884312

Say Pays! Shareholder Voice and Firm Performance

Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - Institute for the Study of Labor (IZA) - 2014

This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...

Persistent link: https://www.econbiz.de/10010959767

What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009

Fabbri, Francesca; Marin, Dalia - Institute for the Study of Labor (IZA) - 2012

work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …

Persistent link: https://www.econbiz.de/10011279348

The Value Relevance of Top Executive Departures: Evidence from the Netherlands

Praag, Mirjam van; Cools, Kees - Institute for the Study of Labor (IZA) - 2007

On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three noncompeting explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...

Persistent link: https://www.econbiz.de/10005762239

Social Networks in the Boardroom

Kramarz, Francis; Thesmar, David - Institute for the Study of Labor (IZA) - 2006

This paper provides empirical evidence consistent with the facts that (1) social networks may strongly affect board composition and (2) social networks may be detrimental to corporate governance. Our empirical investigation relies on a unique dataset on executives and outside directors of...

Persistent link: https://www.econbiz.de/10005703530

Rhineland Exit?

Bovenberg, Lans; Teulings, Coen - Institute for the Study of Labor (IZA) - 2008

We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...

Persistent link: https://www.econbiz.de/10005822066