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Decision Initiation, Decision Implementation, and the Allocation of Decision Rights
Sloof, Randolph; von Siemens, Ferdinand - 2015
Organizations must not only take the right decisions, they must also ensure that these decisions are effectively implemented. Fama & Jensen (1983) argue that the same members of many organization are often responsible for both decision initiation and implementation. If these have social...
Persistent link: https://www.econbiz.de/10011388180
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Illusion of Control and the Pursuit of Authority
Sloof, Randolph; von Siemens, Ferdinand - 2014
In a laboratory experiment, we measure subjects’ willingness to pay for a transparently useless decision right concerning the choice between two real effort tasks. We also elicit for each participant her change in beliefs about the likelihood of receiving her preferred task if she rather than...
Persistent link: https://www.econbiz.de/10010352380
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Community Enterprises: An institutional innovation
Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - 2011
Management research has long focused on the theory of the firm, studying for-profit organizations that produce privately owned resources based on central authority and within well-defined boundaries. In recent times, a new kind of enterprise has emerged that we call Community Enterprises. They...
Persistent link: https://www.econbiz.de/10010274756
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Team Production, Gender Diversity, and Male Courtship Behavior
von Siemens, Ferdinand - 2015
This theoretical paper explores the impact of gender diversity on team production. The key assumption is that men derive utility from signaling high ability to female colleagues. The analysis shows that some gender diversity maximizes expected team production if (i) men and women have similar...
Persistent link: https://www.econbiz.de/10010500415
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Yes, managers should be paid like bureaucrats
Frey, Bruno S.; Osterloh, Margit - 2005
Corporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot be...
Persistent link: https://www.econbiz.de/10010261124
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Knight fever : towards an economics of awards
Frey, Bruno S. - 2005
Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive. The demand for awards relies on an...
Persistent link: https://www.econbiz.de/10010261193
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Team Production in Competitive Labor Markets with Adverse Selection
von Siemens, Ferdinand; Kosfeld, Michael - 2014
therefore on their colleagues' productivity. We study the effects of such externalities in a competitive labor market if workers … have private information on their productivity. We find that in any competitive equilibrium there must be Pareto …-efficient separation of workers according to their productivity. We further find that externalities facilitate equilibrium existence, where …
Persistent link: https://www.econbiz.de/10010333390
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Trade Liberalization, Input Intermediaries and Firm Productivity: Evidence from China
Defever, Fabrice; Imbruno, Michele; Kneller, Richard - 2019
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … firms experience productivity gains from reducing input tariffs if trade intermediation of foreign inputs within their …
Persistent link: https://www.econbiz.de/10012179786
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Cloud Computing and Firm Growth
DeStefano, Timothy; Kneller, Richard; Timmis, Jonathan - 2020
Cloud computing enables a shift in the costs of ICT adoption from investment in fixed capital to pay-on-demand services allowing firms to scale and reorganize. Using new firm-level data we examine the impact of cloud on firm growth, using zip-code-level instruments of the timing of high-speed...
Persistent link: https://www.econbiz.de/10012227646
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Trade Liberalization, Input Intermediaries and Firm Productivity : Evidence from China
Defever, Fabrice - 2019
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … firms experience productivity gains from reducing input tariffs if trade intermediation of foreign inputs within their …
Persistent link: https://www.econbiz.de/10012857766