Showing 1 - 10 of 98
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minimize the underlying agency costs of lending. An analysis of recent BEEPS data from fifteen...
Persistent link: https://www.econbiz.de/10009307402
This paper attempts to study the relationship between firm legal form and firm performance in the Middle East and North Africa Region (MENA) using the World Bank Enterprise Survey (WBES) database. Our analysis shows that open shareholding, closed shareholding, partnership, and limited...
Persistent link: https://www.econbiz.de/10012491452
Governments around the world want to develop their ICT and digital industries. Policymakers thus need a clear sense of the size and characteristics of digital businesses, but this is hard to do with conventional datasets and industry codes. This paper uses innovative "big data" resources to...
Persistent link: https://www.econbiz.de/10010440545
Social welfare systems usually imply specific obligations for benefit recipients. If a recipient does not comply with these obligations, a sanction involving a punitive benefits reduction may be imposed. In this paper we give an overview of the literature on the effects of sanctions in social...
Persistent link: https://www.econbiz.de/10010194760
workers that differ in monitoring intensity as they move from time to piece rates. The application of piece rates increases … quantity, and we find that the resultant quality can be improved with sufficient monitoring. "Committed" workers also produce … results thus show how a firm can refine its worker selection and monitoring options together with the payment system to …
Persistent link: https://www.econbiz.de/10010196479
unincentivized local monitoring. We use these experimental impacts to undertake a detailed cost-benefit analysis and conclude, even …
Persistent link: https://www.econbiz.de/10011520974
By relaxing the common efficiency wage assumption of exogenous shirking detection probabilities, we demonstrate how standards and efficiency wages are related. In a more general setting where the probability of detection depends upon the equilibrium effort level of non-shirkers, we show that the...
Persistent link: https://www.econbiz.de/10010488287
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011449662
This paper investigates the effectiveness of benefit sanctions in reducing unemployment duration. Data from the Swiss labor market allow making a distinction between the effect of a warning that a person is not complying with eligibility requirements and the effect of the actual enforcement of a...
Persistent link: https://www.econbiz.de/10011410900
In the German unemployment insurance system, Integration Agreements (IA) are mandatory contracts between the employment agency and the unemployed, jointly signed by the latter and the caseworker. IAs stipulate rights and obligations but are generally perceived as instruments to control search...
Persistent link: https://www.econbiz.de/10012415082