We propose a model in which, as incomes grow, workers become less risk-averse and move from fixed-wage contracts to variable pay. This can explain the recent increase in wage dispersion between groups, within groups, and over the lifecycle.

In our context, a good-reputation manager favors risk when being perceived as good allows to be promoted while risk is observable but not verifiable. Indeed, it renders more difficult the learning process regarding her talent. In turn, this lowers her level of effort since the extent to which...

Given the importance of governance systems in companies and to all its partners, collective responsibility of the different governance devices has been highlighted. The role of the Board which can be viewed as a body of supreme control remains highly controversial in the in different...

Since the end of the eighties, the European electric sector has been progressively liberalised. This phenomenon has given a growing part to the financial markets in the valuation and the control of the firm's activities. With the privatisation, the management's efficiency has become the main...

The purpose of this paper is to show how a better understanding of the role played by technology in the decision–making process of a business changes our conception of the nature of the firm. According to the role played by technology in decision–making, the author distinguishes five grades...

This paper contributes to literature by giving more precise measures to technological innovation in order to estimate its economic value and assess its impact on the financial performance of companies in Europe. Focus is given to European patent system which is different from the American one....

Internal branding has become increasingly common in nowadays management. The company’s brand is a connector between the company [the internal] and the external worlds of markets, clients and stakeholders. The company’s brand thus enables the company to achieve an increase in performance,...