Showing 1 - 10 of 16
We study the effect of providing relative performance feedback information on performance under piece-rate incentives …
Persistent link: https://www.econbiz.de/10010745523
and attitudes to mathematics and statistics as reflected in their feedback. I have included some of their comments to …
Persistent link: https://www.econbiz.de/10010745951
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 …
Persistent link: https://www.econbiz.de/10010745067
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 …
Persistent link: https://www.econbiz.de/10010745086
This paper shows how separation of ownership and control may arise as a response to overload costs, despite agency costs, and how conglomerates arise as solution to information asymmetries in capital markets. In a context where entrepreneurs have the ability to run projects and improve their...
Persistent link: https://www.econbiz.de/10010745110
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 …
Persistent link: https://www.econbiz.de/10010746076
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 …
Persistent link: https://www.econbiz.de/10010746375
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 …
Persistent link: https://www.econbiz.de/10010746551
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 …
Persistent link: https://www.econbiz.de/10011126318
Many developing and transitional countries have grown faster than advanced countries in the past decade, resulting in a shift in the distribution of world income in their favor. China is now the second largest economy in the world, behind the United States and ahead of Japan. As the relative...
Persistent link: https://www.econbiz.de/10011126516