monitoring devices and piece-rates. We find that firms that offer seniority-based pay are less likely to offer explicit … incentives. They are also less likely to invest in monitoring devices. We also find that firms that offer seniority-based pay are …

firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the … benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …

When a firm has external debt and monitoring by shareholders is essential, managerial bonuses are shown to be an … shareholders, but also between creditors and monitoring shareholders. A negative relation between corporate bond yields and …

capital. Particularly, we analyse such incentives and monitoring under employee ownership and capitalist ownership. In our … show that the workers’ investment and expected income are higher and the monitoring intensity is lower in an employee …’s reservation wage decreases, as the monitoring cost or as the productivity uncertainty increases. Most of our results are …

We present a model of efficient contracting with endogenous matching and limited monitoring in which firms compete for … CEOs. The model explains the association between limited monitoring and CEO pay practices such as pay-for-luck, high … matching equilibrium: firms with different capacities for monitoring hire different types of CEOs and offer different …

countries over the years 1998–2005, the authors explore whether monitoring for compliance with corporate codes of conduct … its suppliers, monitoring alone appears to have produced only limited results. However, when monitoring efforts were …

creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

compare the performance of organisational forms (M-form and U-form) in implementing changes such as innovation and reform. In … more innovation and reform. The theory is illustrated by the organisational differences between China and the former Soviet …

effect on technology transfer (catching up with the technological frontier) as well as innovation (pushing the frontier …