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Hierarchical Structure in Brazilian Industrial Firms : An Econometric Study

Façanha, Luis Otávio; Resende, Marcelo - 2021

terms of individual effects is largely consistent with the predicted effects from the theoretical literature on hierarchy …

Persistent link: https://www.econbiz.de/10013317062

Mergers and Partial Ownership

Foros, Øystein - 2010

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...

Persistent link: https://www.econbiz.de/10013148773

Market Transparency, Adverse Selection, and Moral Hazard

Klein, Tobias J. - 2014

We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An … improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation … latter because of lower cost. Increasing market transparency improves on market outcomes …

Persistent link: https://www.econbiz.de/10013060478

Market Competition and Lower Tier Incentives

Theilen, Bernd - CESifo - 2008

at lower tiers of a firm’s hierarchy. In this paper, a principal-multi-agent model of incentive pay is developed which …

Persistent link: https://www.econbiz.de/10005405811

Hierarchical Structure in Brazilian Industrial Firms: An Econometric Study

Facanha, Luis Otávio; Resende, Marcelo - CESifo - 2007

terms of individual effects is largely consistent with the predicted effects from the theoretical literature on hierarchy. …

Persistent link: https://www.econbiz.de/10005405843

Teamwork as a Self-Disciplining Device

Fahn, Matthias; Hakenes, Hendrik - CESifo - 2014

We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a situation where individuals have present-biased preferences, any effort that is costly today but rewarded at some later point in time is too low from the perspective of an...

Persistent link: https://www.econbiz.de/10011099758

I Spy with my Little Eye... a Banking Crisis - Early Warnings and Incentive Schemes in Banks

Hakenes, Hendrik; Schlegel, Friederike - CESifo - 2014

The severity and depth of the recent financial crisis hit many by surprise. Despite warning signs, the financial system seems to have been unable to aggregate existing information. As the events of Fall 2008 showed, many investors were caught off guard by the large number of banks collapsing...

Persistent link: https://www.econbiz.de/10011103403

Global Sourcing of Heterogeneous Firms: Theory and Evidence

Kohler, Wilhelm; Smolka, Marcel - CESifo - 2015

This paper investigates the role of firm productivity in drawing firm boundaries in global sourcing. Our analysis focuses on how productivity affects the allocation of ownership rights between the headquarter of a firm and an intermediate input supplier (vertical integration vs. outsourcing), as...

Persistent link: https://www.econbiz.de/10011155384

Driven by the Discount Factor: Impact of Mergers on Market Performance in the Semiconductor Industry

Harris, Jeremiah; Siebert, Ralph - CESifo - 2015

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We … estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market … the heterogeneous impact of mergers on the product market. Our study provides evidence that firms’ discount factors …

Persistent link: https://www.econbiz.de/10011163068

Inventory Control and Intermediation in Global Supply Chains

Qu, Zhan; Raff, Horst; Schmitt, Nicolas - CESifo - 2015

The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...

Persistent link: https://www.econbiz.de/10011210404