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Mafias and Firms
Arellano-Bover, Jaime; Simoni, Marco De; Guiso, Luigi; … - 2024
infiltrated post-creation, primarily reflect a competitive motive, wherein criminal activities benefit the firm. Lastly, large …
Persistent link: https://www.econbiz.de/10014534297
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Corruption beyond the glass ceiling: do women entrepreneurs perceive corruption differently?
Goel, Rajeev K.; Nelson, Michael A. - 2019
information at the firm level; and (c) employing a large sample of more than 100 countries. Results show that both female managers …
Persistent link: https://www.econbiz.de/10012018297
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Corruption Beyond the Glass Ceiling : Do Women Entrepreneurs Perceive Corruption Differently?
Goel, Rajeev K. - 2019
information at the firm level; and (c) employing a large sample of more than 100 countries. Results show that both female managers …
Persistent link: https://www.econbiz.de/10012871756
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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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Divide and privatize: Firm break-up and performance
Koécenda, Evézen; Hanousek, Jan - 2011
We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based … firm break-up found in the developed-market literature, show that the initial effects of firm break-up are positive but …
Persistent link: https://www.econbiz.de/10010274965
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Yes, managers should be paid like bureaucrats
Frey, Bruno S.; Osterloh, Margit - 2005
. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance … extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …
Persistent link: https://www.econbiz.de/10010261124
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Bait and Switch: How Do Chinese Firms Use Proceeds from Seasoned Equity Offerings
Bo, Hong; Huang, Zhongnan; Sterken, Elmer - 2015
shareholders. We find that if the controlling shareholder is the state, then the firm uses unspecified proceeds to stockpile cash …; if the controlling shareholder is a parent state-owned enterprise, then the firm uses unspecified proceeds on retiring …
Persistent link: https://www.econbiz.de/10010480886
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Export Market Exit, Financial Pressure and the Crisis
Görg, Holger; Spaliara, Marina-Eliza - 2013
Using firm-level data for the UK, we investigate the link between firms' financial health, borrowing ratio and export … associated with the firm-specific interest rate. …
Persistent link: https://www.econbiz.de/10010319393
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Mis-Allocation within Firms: Internal Finance and International Trade
Doerr, Sebastian; Marin, Dalia; Suverato, Davide; … - 2021
This paper develops a novel theory of capital mis-allocation within firms that stems from managers’ empire building and informational frictions within the organization. Introducing an internal capital market into a two-factor model of multi-segment firms, we show that international competition...
Persistent link: https://www.econbiz.de/10012799726
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Mis-Allocation within Firms : Internal Finance and International Trade
Doerr, Sebastian; Marin, Dalia; Suverato, Davide; … - 2021
This paper develops a novel theory of capital mis-allocation within firms that stems from managers’ empire building and informational frictions within the organization. Introducing an internal capital market into a two-factor model of multi-segment firms, we show that international competition...
Persistent link: https://www.econbiz.de/10013312862