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will be affordable. In this paper, I present the facts about how much accountability costs. The facts are, fortunately …, highly knowable because costs show up both as expenditures on government budgets and as revenues on companies' (mainly test … makers') accounts. Moreover, it turns out that worrying about measurement error in the cost data is pointless. The costs of …
Persistent link: https://www.econbiz.de/10012469860
predicted by the theory: The synergies between reduced monitoring costs and high performance work systems enable the firm to pay …
Persistent link: https://www.econbiz.de/10012466598
In this paper, we compare subjective principal assessments of teachers to the traditional determinants of teacher compensation ¡V education and experience ¡V and another potential compensation mechanism -- value-added measures of teacher effectiveness based on student achievement gains. We...
Persistent link: https://www.econbiz.de/10012467217
I offer theoretical and empirical observations on the oversight of public sector employees. I argue that it is unreasonable to expect that the solutions typically considered in the literature will be effective with public sector employees, because bureaucrats are especially difficult to monitor....
Persistent link: https://www.econbiz.de/10012470051
costs exceed the benefits of brokers' knowledge and expertise. Thus, quantification of the net value of brokerage services … indicates that agency costs exceed the advantages of brokers' knowledge and expertise by a wide margin …
Persistent link: https://www.econbiz.de/10012464850
Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with an annual amount equal to …
Persistent link: https://www.econbiz.de/10012467085
social responsibility" (CSR), particularly in the realm of environmental protection. Beyond complete compliance with …
Persistent link: https://www.econbiz.de/10012464657
processes for stakeholder engagement, to be more long-term oriented, and to exhibit higher measurement and disclosure of …
Persistent link: https://www.econbiz.de/10012460709
We analyze the behavior of 401(k) plan participants during the first quarter of 2020, when COVID-19 generated historic volatility, large negative returns, and significant unemployment. Only 2.1% of participants invested in TDFs made any changes to their portfolios, with even lower rates of...
Persistent link: https://www.econbiz.de/10012481633
shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they … have private benefits and underinvest when they have private costs. Optimal incentive contracts mitigate the over- or …, in isolation, is insufficient to identify whether managers have private benefits or private costs of investment. In order …
Persistent link: https://www.econbiz.de/10012471449