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Leadership, Coordination and Mission-Driven Management

Bolton, Patrick - 2008

What makes a good leader? A good leader is able to coordinate his followers around a credible mission statement, which communicates the future course of action of the organization. In practice, leaders learn about the best course of action for the organization over time. While learning helps...

Persistent link: https://www.econbiz.de/10012464309

Understanding Corporate Governance Through Learning Models of Managerial Competence

Hermalin, Benjamin E. - 2014

A manager's shareholders, board of directors, and potential future employers are continually assessing his ability. A …

Persistent link: https://www.econbiz.de/10012458636

Executive Compensation as an Agency Problem

Bebchuk, Lucian Arye - 2003

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers' performance. We …

Persistent link: https://www.econbiz.de/10012468885

The Analysis of Union Behavior

Farber, Henry S. - 1984

There is now a substantial body of economic research that models the behavior of labor unions as maximization of a well defined objective function. This paper presents both a selective critical survey of this literature and a preliminary consideration of some important problems that have not...

Persistent link: https://www.econbiz.de/10012477584

Religion, Longevity, and Cooperation : The Case of the Craft Guild

Richardson, Gary - 2008

When the mortality rate is high, repeated interaction alone may not sustain cooperation, and religion may play an important role in shaping economic institutions. This insight explains why during the fourteenth century, when plagues decimated populations and the church promoted the doctrine of...

Persistent link: https://www.econbiz.de/10012464643

A Quantile-based Test of Protection for Sale Model

Imai, Susumu - 2008

This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organizations. We formally show that the PFS model predicts that the quantile regression of the...

Persistent link: https://www.econbiz.de/10012464747

The Organizational Implications of Creativity : The US Film Industry in Mid-XXth Century

Gil, Ricard - 2007

We develop a basic framework to understand the organization of highly creative activities. Management faces a fundamental tradeoff in organizing such activities. On the one hand, since creativity cannot be achieved by command and control or by monetary incentives, internal/contractual production...

Persistent link: https://www.econbiz.de/10012465399

The Adoption and Diffusion of Organizational Innovation : Evidence for the U.S. Economy

Lynch, Lisa M. - 2007

Using a unique longitudinal representative survey of both manufacturing and non-manufacturing businesses in the United States during the 1990's, I examine the incidence and intensity of organizational innovation and the factors associated with investments in organizational innovation. Past...

Persistent link: https://www.econbiz.de/10012465497

Routine

Hamermesh, Daniel S. - 2003

Routine - maintaining the same schedule from day to day - saves time. It is also boring and inherently undesirable. As such, the amount of routine a person engages in is partly an economic outcome, with variations in routine generated by variations in the price of time, household income and the...

Persistent link: https://www.econbiz.de/10012469263

Motivating Effort In Contributing to Public Goods Inside Organizations : Field Experimental Evidence

Blasco, Andrea - 2016

We investigate the factors driving workers' decisions to generate public goods inside an organization through a randomized solicitation of workplace improvement proposals in a medical center with 1200 employees. We find that pecuniary incentives, such as winning a prize, generate a threefold...

Persistent link: https://www.econbiz.de/10012456486

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