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The promotion tournament as a potentially important incentive mechanism for top management in transition economies has not been examined by the emerging literature on managerial incentives in transition economies. This paper is the first attempt to fill this important gap in the literature. The...
Persistent link: https://www.econbiz.de/10003759900
We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test...
Persistent link: https://www.econbiz.de/10003898087
We present evidence on the effect of social connections between workers and managers on productivity in the workplace … workers managed. We find that when managers are paid fixed wages, they favor workers to whom they are socially connected …
Persistent link: https://www.econbiz.de/10003793735
-physician managers. The paper finds a strong positive association between the ranked quality of a hospital and whether the CEO is a … managers, but it is consistent with such claims and suggests that this area is now an important one for systematic future … research. -- organizational performance ; expert leaders ; hospitals ; physicians ; professional managers …
Persistent link: https://www.econbiz.de/10009310061
Persistent link: https://www.econbiz.de/10001876629
Our analysis of the survival of firms leads to the important result that the hypotheses about differences between various industries in the life duration of new firms and about the importance of the region of location for the probability of survival are confirmed. Many more enterprises are...
Persistent link: https://www.econbiz.de/10011403326
We construct and analyze a unique database with 1992-99 information on privatization transactions and labor productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to describe the post-privatization ownership structure and...
Persistent link: https://www.econbiz.de/10011402871
This paper uses worldwide firm-level data to scrutinize the governance factors that favor gender diversity in leadership positions. Our results reveal that the gender of the dominant shareholder is key. The chief executive of firms with a female dominant shareholder has a significantly higher...
Persistent link: https://www.econbiz.de/10011396743
This paper provides novel evidence on the effects of employee stock ownership (ESO), a prominent example of shared capitalism. In so doing, we take advantage of our access to new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more...
Persistent link: https://www.econbiz.de/10011881507
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of …
Persistent link: https://www.econbiz.de/10003299971