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Honesty and Relational Contracts
Schmutzler, Armin; Holger, Herz; André, Volk - Verein für Socialpolitik - VfS - 2014
We study the economic consequences of opportunities for dishonesty in an environment where efficiency relevant behaviour is not contractible, but rather incentivized by informal agreements in an ongoing relationship. We document the repeated interaction between a principal and an agent who,...
Persistent link: https://www.econbiz.de/10011164021
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Outsourcing Potentials and International Tradability of Jobs. Evidence from German Micro-Level Data
Koch, Andreas; Brändle, Tobias - Verein für Socialpolitik - VfS - 2013
We analyze the offshorability of jobs using the German Qualifications and Career Survey. The paper differentiates between outsourcing potential and international tradability and systematically uses a large set of potential determinants of organizational and spatial relocation derived from the...
Persistent link: https://www.econbiz.de/10010986053
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Multitasking and the Benefits of Objective Performance Measurement - Evidence from a Field Experiment
Sliwka, Dirk; Manthei, Kathrin - Verein für Socialpolitik - VfS - 2013
We examine the benefits of objective performance measurement in a field experiment conducted in a retail bank. At the outset objective performance measures of pro fits in each branch were only available on the branch level and managers allocated bonuses to their employees based on subjective...
Persistent link: https://www.econbiz.de/10010957941
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Trade, Technologies and the Talent Organization
Schymik, Jan - Verein für Socialpolitik - VfS - 2013
provision of financial incentives inside firms varies within and across industries. Variation in the value of outside options … triggers owners to choose different levels of firm organization and financial incentives. While incentive compensation and … incentives. Trade integrations may lead firms to endogenously choose organizations with powerful managers and consequently …
Persistent link: https://www.econbiz.de/10010958010
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Demand uncertainty in skill-based competition
Artinger, Sabrina - Verein für Socialpolitik - VfS - 2013
How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and expected market size. Results show that people's...
Persistent link: https://www.econbiz.de/10010958142
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Governance, Firm Size and Innovative Capacity: Regional Empirical Evidence for Germany
Jahn, Vera; Berlemann, Michael - Verein für Socialpolitik - VfS - 2014
Successful innovation is a precondition for economic prosperity. While various potential determinants of innovative activity have been considered, little empirical evidence is yet available for the influence of firm governance issues. This paper aims at filling this gap in the literature by...
Persistent link: https://www.econbiz.de/10011164033
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Globalization and Vertical Structure: An Empirical Investigation
Bühler, Stefan; Burghardt, Dirk - Verein für Socialpolitik - VfS - 2014
This paper studies the effect of trade facilitation on vertical firm structure using plant-level data from Switzerland. Based on the Business Census and the Input-Output table, we first calculate a binary measure of vertical integration for all plants registered in Switzerland. We then estimate...
Persistent link: https://www.econbiz.de/10011164055
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Organizational Decisions in Multistage Production Processes
Nowak, Verena - Verein für Socialpolitik - VfS - 2014
To explain organizational decisions in multistage production processes we assume a production process with one producer and two suppliers of which one is the firm's direct supplier and the other one is the supplier of the supplier. The firm decides only on the organizational form of her direct...
Persistent link: https://www.econbiz.de/10011164203
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Bad Mergers Revisited: An Incentive Perspective
Kräkel, Matthias; Müller, Daniel - Verein für Socialpolitik - VfS - 2013
high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under which …
Persistent link: https://www.econbiz.de/10010986082
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Partial Public Ownership and Managerial Incentives
Jovanovic, Dragan - Verein für Socialpolitik - VfS - 2012
We analyze the impact of partial public ownership (PPO) on managerial incentives. A novelty of the paper is that it … explicitly considers competition in the product market. We find that PPO negatively affects managerial incentives when all firms … incentives crucially depend on the degree of competitive pressure. Thereby, PPO induces either partially public firms or their …
Persistent link: https://www.econbiz.de/10010955183