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Shared Capitalism in the U.S. Economy? Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises
Kruse, Douglas L. - 2008
Between one-third and one-half of employees participate directly in company performance through profit sharing, gainsharing, employee ownership, or stock options. This flies in the face of concerns about the free rider problem and worker risk aversion in group incentives, and raises many...
Persistent link: https://www.econbiz.de/10012464414
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Managers and Productivity in Retail
Metcalfe, Robert D.; Sollaci, Alexandre B.; Syverson, Chad - National Bureau of Economic Research - 2023
Across many sectors, research has established that management explains a notable portion of productivity differences across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices that matter. We shed light on this question by...
Persistent link: https://www.econbiz.de/10014250209
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Selfish Corporations
Colonnelli, Emanuele; Gormsen, Niels; McQuade, Timothy - National Bureau of Economic Research - 2022
Motivated by the public debate regarding corporate responsibility, we construct a memory-based model of decision-making to illustrate how corporate and political communication can impact policy preferences. We test the predictions of our model in a new large-scale survey of U.S. citizens on...
Persistent link: https://www.econbiz.de/10013435138
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The Big Three and Board Gender Diversity : The Effectiveness of Shareholder Voice
Gormley, Todd A.; Gupta, Vishal K.; Matsa, David A.; … - National Bureau of Economic Research - 2022
In 2017, "The Big Three" institutional investors launched campaigns to increase gender diversity on corporate boards. We estimate that their campaigns led American corporations to add at least 2.5 times as many female directors in 2019 as they had in 2016. Firms increased diversity by...
Persistent link: https://www.econbiz.de/10013462705
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Information Production and Capital Allocation : Decentralized vs. Hierarchical Firms
Stein, Jeremy C. - 2000
costlessly hardened' and passed along within the hierarchy. As a concrete application of the theory, the paper discusses the …
Persistent link: https://www.econbiz.de/10012471056
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The Firm as a Dedicated Hierarchy : A Theory of the Origin and Growth of Firms
Rajan, Raghuram G. - 2000
A fundamental problem entrepreneurs face in the formative stages of their businesses is how to provide incentives for employees to protect, rather than steal, the source of organizational rents. We study how the entrepreneur's response to this problem will determine the organization's internal...
Persistent link: https://www.econbiz.de/10012471229
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On the Design of Hierarchies : Coordination Versus Specialization
Hart, Oliver - 1999
and others in specialization. Our theory throws light on the nature of hierarchy, the optimal degree of decentralization …
Persistent link: https://www.econbiz.de/10012471397
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Group Corruption via Sequential Bargaining in a Hierarchical Organization
Kung, Fan-chin; Wang, Ping; Wen, Quan - National Bureau of Economic Research - 2022
bargaining sequence proceeds as a chain through decision-making agents, regardless of the hierarchy of the organization. We prove … rank in each tier, such as in a tree hierarchy …
Persistent link: https://www.econbiz.de/10012938728
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The Economic Consequences of Political Hierarchy : Evidence from Regime Changes in China, AD1000-2000
Bai, Ying - 2020
us an opportunity to investigate the political economy of administrative hierarchy. Using prefecture-level panel data and … exploiting regime changes during AD1000-2000, we find that gaining and losing importance in the political hierarchy led to the … rise and decline of different prefectures (measured by population density and urbanization). Moreover, political hierarchy …
Persistent link: https://www.econbiz.de/10012479176
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The Allocation of Authority in Organizations : A Field Experiment with Bureaucrats
Bandiera, Oriana - 2020
hierarchy …
Persistent link: https://www.econbiz.de/10012479257