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A Triptych Inquiry: Rethinking Sustainability, Innovation, and Financial Performance

Busch, Timo; Stinchfield, Bryan T.; Wood, Matthew S. - Tinbergen Institute - 2011

Management scholars have sought to answer the question: is there a financial payoff for ad-dressing ecological and social issues? We move beyond this question and include a time com-ponent for corporate financial performance (CFP) and a firm’s innovativeness in order to ask: when does it pay?...

Persistent link: https://www.econbiz.de/10008838575

Organization Context and Human Resource Management in the Small Firm

Kok, Jan de; Uhlaner, Lorraine M. - Tinbergen Institute - 2001

-based approach, institutional theory, transaction cost economics (TCE), and concepts from strategic management. The model is explored …

Persistent link: https://www.econbiz.de/10005136951

Intention-Based Reciprocity and the Hidden Costs of Control

Siemens, Ferdinand von - Tinbergen Institute - 2011

Empirical research suggests that - rather than improving incentives - exerting control can reduce workers' performance by eroding motivation. The present paper shows that intention-based reciprocity can cause such motivational crowding-out if individuals differ in their propensity for...

Persistent link: https://www.econbiz.de/10009201127

Collective Bargaining under Non-binding Contracts

Dobbelaere, Sabien; Luttens, Roland Iwan - Tinbergen Institute - 2011

We introduce collective bargaining in a static framework where the firm and its risk-neutral employees negotiate over wages in a non-binding contract setting. Our main result is the equivalence between the non-binding collective equilibrium wage-employment contract and the equilibrium contract...

Persistent link: https://www.econbiz.de/10008867502

Micro-Evidence on the Determinants of Innovation in The Netherlands: The Relative Importance of Absorptive Capacity and Agglomeration Externalities

Smit, Martijn J.; Abreu, Maria A.; Groot, Henri L.F. de - Tinbergen Institute - 2010

This paper employs firm-level data to analyze the relative importance of firm characteristics and agglomeration externalities in explaining variation in innovation rates across firms. More specifically, we combine micro-data and census data to estimate the probability that a firm will introduce...

Persistent link: https://www.econbiz.de/10008838651

Understanding Contract Audits: An Experimental Approach

Bertrand, Robert M.M.; Schram, Arthur J.H.C.; Vaassen, … - Tinbergen Institute - 2011

such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment … literatures. The theory of planned behaviour explains why organizations may engage in contract auditing even when markets are … imperfect. Social preference theory explains why traders may adjust prices when a contract audit indicates that the original …

Persistent link: https://www.econbiz.de/10008838562

Matching with Multiple Applications

Albrecht, James W.; Gautier, Pieter A.; Vroman, Susan B. - Tinbergen Institute - 2001

We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.

Persistent link: https://www.econbiz.de/10005042226

Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations

Anufriev, Mikhail; Assenza, Tiziana; Hommes, Cars; … - Tinbergen Institute

The recent macroeconomic literature stresses the importance of managing heterogeneous expectations in the formulation of monetary policy. We use a stylized macro model of Howitt (1992) to investigate inflation dynamics under alternative interest rate rules when agents have heterogeneous...

Persistent link: https://www.econbiz.de/10005016263

More Hedging Instruments may destablize Markets

Brock, William; Hommes, Cars; Wagener, Florian - Tinbergen Institute - 2006

This paper formalizes the idea that more hedging instruments may destabilize markets when traders are heterogeneous and adapt their behavior according to experience based reinforcement learning. We investigate three different economic settings, a simple mean-variance asset pricing model, a...

Persistent link: https://www.econbiz.de/10005795568

Complex Evolutionary Systems in Behavioral Finance

Hommes, Cars; Wagener, Florian - Tinbergen Institute - 2008

Traditional finance is built on the rationality paradigm. This chapter discusses simple models from an alternative approach in which financial markets are viewed as complex evolutionary systems. Agents are boundedly rational and base their investment decisions upon market forecasting heuristics....

Persistent link: https://www.econbiz.de/10005795577