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We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a … exchange. We assume that a professional is a better manager than the heir, and describe how the founder's decision is shaped by … the family. This theory of separation of ownership from management includes the Anglo-Saxon and the Continental European …
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We examine a “Rotten Kid” model (Becker 1974) where a player with social preferences interacts with an egoistic player. We assume that social preferences are intentionbased rather than outcome-based. In a very general multi-stage setting we show that any equilibrium must involve mutually...
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Work organizations are increasingly under pressure to offer home-based working. However, there is inconsistent evidence on whether granting employees to work from home is a business case increasing their organizational commitment. Analysis of the representative German Linked Personnel Panel...
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