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Individual leaders have been central to the transformation of political institutions, organizations and many instances of social and economic reform. Why are some leaders able to take advantage of opportunities to successfully catalyze large-scale change while others fail? In this paper we argue...
Persistent link: https://www.econbiz.de/10003729928
This paper develops a simple economic model to examine how leadership styles in organizations depend on the prevailing wage-setting conditions for workers. In particular, we examine a leader who can - in addition to the use of monetary incentives - motivate a worker by adopting leadership styles...
Persistent link: https://www.econbiz.de/10012110227
. 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/10002572375
Taxes levied on production processes (e.g. VAT), are today a very important source of government revenues in developed economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate in perfectly competitive markets. These theories...
Persistent link: https://www.econbiz.de/10011509397
Two trends have marked the politico-economic discussion in many industrialized countries in recent years. On the one hand, international production, workplace decentralization, shareholder orientation and generous manager remuneration have changed the face of firms in the primary economy. On the...
Persistent link: https://www.econbiz.de/10011398875
Persistent link: https://www.econbiz.de/10009763540
In the nineties, average firm size decreased, organisations decentralized, and workers preferences shifted from large to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are subject to risk-shifting. They realize more of their...
Persistent link: https://www.econbiz.de/10011539048
Ronald W. Jones (2000) celebrated book has inspired a generation of work that has been devoted to understanding the causes and consequences of outsourcing. While much of this work has focused on the outsourcing versus domestic production decision of the firm with labor cost-saving as the key...
Persistent link: https://www.econbiz.de/10012211546
Persistent link: https://www.econbiz.de/10003635226
brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions … ability and in public service motivation. We find that, if demand for public sector output is not too high, the equilibrium … return to managerial ability is always highest in the private sector. As a result, relatively many of the more able managers …
Persistent link: https://www.econbiz.de/10003772147