Similar Search Results

Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model

Malcomson, James M. - 2021

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10013316254

The Effect of Adversity on Process Innovations and Managerial Incentives

Dostie, Benoît; Jayaraman, Rajshri - 2021

improving efficiency …

Persistent link: https://www.econbiz.de/10013316356

Executive Compensation : A Survey of Theory and Evidence

Edmans, Alex - 2017

This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...

Persistent link: https://www.econbiz.de/10012949331

Do Leaders Affect Ethical Conduct?

D'Adda, Giovanna - 2014

We study whether leaders influence the unethical conduct of followers. To avoid selection issues present in natural environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment in which groups compete, with dishonest behavior...

Persistent link: https://www.econbiz.de/10013048821

Subsidizing National Champions : An Evolutionary Perspective

Aubert, Cecile - 2008

externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …

Persistent link: https://www.econbiz.de/10012770493

CEO Compensation

Frydman, Carola; Jenter, Dirk - 2021

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …

Persistent link: https://www.econbiz.de/10013316120

Learning from the Past : Trends in Executive Compensation over the Twentieth Century

Frydman, Carola - 2021

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …

Persistent link: https://www.econbiz.de/10013316448

CEO Preferences and Acquisitions

Jenter, Dirk - 2011

This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone benefits of staying employed until the planned retirement...

Persistent link: https://www.econbiz.de/10013117262

Market Competition or Family Ties : Which Prevails on Italian CEOs Pay?

Graziano, Clara - 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10013020525

Leveraging Wage Subsidies to Facilitate Fair Wages and Increase Social Welfare

Blumkin, Tomer - 2017

Wage subsidies can be provided directly to the worker, as in the federal Earned Income Tax Credit (EITC) program. They can also be provided indirectly by subsidizing the employer; by reducing the cost of labor, employers are induced to offer higher wages. The standard literature stipulates that...

Persistent link: https://www.econbiz.de/10012949108