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A principal wants two sequential tasks to be performed by wealth-constrained agents. When the tasks are conflicting (i.e., when a first-stage success makes second-stage effort less effective), the principal's profit-maximizing way to induce high efforts is to hire one agent to perform both...
Persistent link: https://www.econbiz.de/10009650662
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky, and market outcomes volatile. If bidders deviate from risk neutral best responses, either due to faulty optimization or risk attitudes, then equilibrium predictions can perform...
Persistent link: https://www.econbiz.de/10009211215
achievability of synergies. We show that if the experts who advise the owners considering forming an R&D joint venture are also … responsible for R&D efforts, they can have incentives to withhold information about the extent of those synergies. Owners …
Persistent link: https://www.econbiz.de/10009295282
Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the entrant values only the bundle of several units (synergy), incumbents are subject to non-increasing demand. The seller proactively encourages entry and restricts incumbent...
Persistent link: https://www.econbiz.de/10010602240
The issue of cross-border bank mergers and acquisitions efficiency is considered. The effect of synergy gains on the success of such agreements is emphasized. The model of taking a decision by acquirer about economic suitability regarding deal realization is developed.
Persistent link: https://www.econbiz.de/10009004211
produce extra damages or synergies. Other examples occur in Agriculture, Zootechnics and so on. When it is necessary to …
Persistent link: https://www.econbiz.de/10009370825
data set is used to study the impact of management turnover on a company’s performance. This study, in addition to … evidence that the sensitivity of CEO turnover to performance is weaker in state-controlled firms than in non-state firms, and … varies according to different subtypes of private ownership. We also demonstrate that the turnover–performance relationship …
Persistent link: https://www.econbiz.de/10011267883
accounting field coverage of a certain reality , as desired and as there are not . Talking about the performance is natural to … ask the following questions : is there a dose of fiction in it ? , That the steps in obtaining and menţienerea performance …
Persistent link: https://www.econbiz.de/10011258700
We examine the relation between corporate social performance and stock portfolios performances. Based on Kinder …, Lydenberg and Domini social performance ratings, the study constructs and evaluates different sets of equity portfolios that … differ in social performance. The high-ranked portfolios provide, in most cases, higher average returns than their low …
Persistent link: https://www.econbiz.de/10011259577
compensation, football expenses and performance. We find that coach compensation is highly related to the coach’s past success … profitability and historical success. Results suggest that coach compensation has no measurable impact on performance. A coach … by 3.5% to 7.0%. Thus, the budget of an administrator is a better predictor of future performance than the coach’s salary. …
Persistent link: https://www.econbiz.de/10011259704