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The transaction costs perspective on costs and benefits of government regulation

Butter, Frank A. G. den; Graaf, Marc de; Nijsen, André F. - 2009

regulation by taking all transaction costs into account which stem from the principal/agent relationship between regulatory … regulated entities – part of these costs can be regarded as the administrative burden of regulation for the private sector – but … society due to e.g. miscommunication on the aims of regulation, and are, of course, hard to quantify. A cost calculation using …

Persistent link: https://www.econbiz.de/10011377583

Gift exchange and the separation of ownership and control

Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - 2006

Persistent link: https://www.econbiz.de/10003314798

Disciplining and screening top executives

Dominguez-Martinez, Silvia; Swank, Otto H.; Visser, Bauke - 2006

Boards of directors face the twin task of disciplining and screening executives. To perform these tasks directors do not have detailed information about executives' behaviour, and only infrequently have information about the success or failure of initiated strategies, reorganizations, mergers...

Persistent link: https://www.econbiz.de/10011349199

Gift exchange and the separation of ownership and control

Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - 2006 - This version: April, 2006

Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are characterized by the separation of ownership and control....

Persistent link: https://www.econbiz.de/10011349214

Competition and entry in banking : implications for stability and capital regulation

Boot, Arnoud W. A.; Marinč, Matej - 2006

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …

Persistent link: https://www.econbiz.de/10011348715

The effect of noise in a performance measure on work motivation

Sloof, Randolph; Praag, Mirjam van - 2008

than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of … expectancy theory; noisier performance measures do not lower work motivation. …

Persistent link: https://www.econbiz.de/10011376648