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Effective organizations are able not only to coordinate their members on efficient strategies but also to adapt members' strategies to unforeseen change in an efficient manner. We explore whether part of organizational culture - namely, relational contracts that facilitate both coordination and...
Persistent link: https://www.econbiz.de/10012110245
I analyze a model in which a principal offers a contract to an agent and can influence the agent’s marginal return of effort by the choice of the project mission. The principal's and the agents' mission preferences are misaligned, and the agents have unobservable intrinsic motivation levels. I...
Persistent link: https://www.econbiz.de/10011561184
Using hand-collected data spanning more than a decade on European banks' sovereign debt portfolios, we show that the trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...
Persistent link: https://www.econbiz.de/10013463528
The impact of culture on non-kin cooperation has been singled out as critical for economic activity. However, causal evidence of culture's influence on cooperation remains scant. In this paper we provide such evidence, focusing on two key components of culture: preferences and beliefs. Adopting...
Persistent link: https://www.econbiz.de/10012508741
We study whether one reason behind female underrepresentation in leadership is that female leaders are less effective … effective leaders potentially self-confirming. We find no evidence that such bias impacts actual leadership performance …
Persistent link: https://www.econbiz.de/10012318370
Firms are under increasing pressure to meet stakeholders’ demand for Corporate Social Responsibility (CSR) along their global value chains. We study the incentives for and investments in CSR at different stages of the production process. We analyze a model of sequential production with...
Persistent link: https://www.econbiz.de/10012796989
In many situations the individuals who can generate some output must enter a contest for appropriating this output. This paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest. Depending on the advantages, an increase in the productivity of...
Persistent link: https://www.econbiz.de/10011409735
We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...
Persistent link: https://www.econbiz.de/10009387238
The positive role of transformational leadership on productivity and mental well-being has long been established …. Transformational leadership behavior may be particularly suited to navigate times of crisis which are characterized by high levels of …' leadership styles on employees' performance, work style, and mental well-being in times of crisis. Using longitudinal …
Persistent link: https://www.econbiz.de/10014281431
, such reforms neither helped nor hurt mothers' chances to be at the top of their companies' pay ranking or in leadership …
Persistent link: https://www.econbiz.de/10013418923