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The radical innovation investment decision refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain … attractive for private entrepreneurs. -- radical innovation ; innovation ; entrepreneurship ; investment ; R&D ; risk ; real …
Persistent link: https://www.econbiz.de/10009729702
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Bureaucratic rents and life satisfaction
Lüchinger, Simon (contributor); Meier, Stephan (contributor) - 2006
The monopoly position of the public bureaucracy in providing public services allows government employees to acquire rents. Those rents can involve higher wages, monetary and non-monetary fringe benefits (e.g. pensions and staffing), and/or bribes. We propose a direct measure to capture the total...
Persistent link: https://www.econbiz.de/10003278945
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Curbing cream-skimming : evidence on enrolment incentives
Courty, Pascal (contributor); Kim, Do Han (contributor);  … - 2008
Can enrolment incentives reduce the incidence of cream-skimming in the delivery of public sector services (e.g. education, health, job training)? In the context of a large government job training program, we investigate whether the use of enrolment incentives that set different 'shadow prices'...
Persistent link: https://www.econbiz.de/10003793550
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Bribery, hold-up and bureaucratic structure
Bennett, John; Rablen, Matthew D. - 2018
We analyze the provision of infrastructure by a foreign investor when the domestic bureaucracy is corrupt, but puts some weight on domestic welfare. The investor may pay a bribe in return for a higher provisional contract price. After the investment has been sunk, the bureaucracy may hold up the...
Persistent link: https://www.econbiz.de/10011872622
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Relative performance pay, bonuses, and job-promotion tournaments
Kräkel, Matthias (contributor);  … - 2008
variation within hierarchy levels, (2) promotion premiums only in part explain hierarchical wage differences and (3) external … recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments … with higher-level bonus payments in a two-tier hierarchy. Moreover, we show that under certain conditions the firm …
Persistent link: https://www.econbiz.de/10003755972
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The wage policy of firms : comparative evidence for the US and Germany from personnel data
Grund, Christian - 2002
production processes in different institutional environments are inspected. Convex wage profiles over the hierarchy levels of … intra-level wage inequality and yearly promotion rate. In contrast, wages are more distinctly attached to hierarchy levels …
Persistent link: https://www.econbiz.de/10011414006
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Promotions, demotions, halo effects and earnings dynamics of American executives
Belzil, Christian (contributor);  … - 2005
This paper explores the dynamics of wage growth in corporate hierarchies. Using panel data techniques, we estimate the causal effect of current and past transitions in reporting level and past earnings growth on components of current earnings and earnings growth using a large panel of US...
Persistent link: https://www.econbiz.de/10002898938
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How does the position in business group hierarchies affect workers' wages?
Egger, Hartmut; Jahn, Elke J.; Kornitzky, Stefan - 2021
in a business group hierarchy affects workers' wages. To acknowledge that ownership linkages are not onedirectional, we …
Persistent link: https://www.econbiz.de/10012800647
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Complex job design and layers of hierarchy
Russo, Giovanni; Houten, Gijs van - 2021
The main function of hierarchies is to coordinate activities within an organisation, but a hierarchical structure also provides work incentives, by offering the prospect of hierarchical mobility. An alternative way for organisations to motivate workers is through job design. In organisations...
Persistent link: https://www.econbiz.de/10012550121
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Corporate hierarchies under employee representation
Belloc, Filippo; Burdín, Gabriel; Landini, Fabio - 2020
-sector workplaces in 32 countries, we document conditional correlations between ER and the depth of hierarchy that are consistent with … changes. Taken together, our findings suggest that ER increases the depth of firm hierarchy by facilitating the flow of …
Persistent link: https://www.econbiz.de/10012293686