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Size matters : "Over" investments in a relational contracting setting
Englmaier, Florian; Fahn, Matthias - 2015
The corporate finance literature documents that managers tend to overinvest into physical assets. A number of theoretical contributions have aimed to explain this stylized fact, most of them focussing on a fundamental agency problem between shareholders and managers. The present paper shows that...
Persistent link: https://www.econbiz.de/10010469958
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Information, coordination, and the industrialization of countries
Englmaier, Florian (contributor);  … - 2006
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …
Persistent link: https://www.econbiz.de/10003301107
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Management and performance in the public sector : evidence from German municipalities
Englmaier, Florian; Mühlheußer, Gerd; Roider, Andreas; … - 2022
We study management practices and performance of public sector organizations in Germany. For a representative sample of … municipalities, we provide survey evidence for substantial het-erogeneity in the use of structured management practices. This …-atic positive relationship between the degree of structured management and a diverse set of performance measures capturing …
Persistent link: https://www.econbiz.de/10013440344