Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10010712477
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot scheme of incentives in a major government agency. The incentive scheme was based on teams and covered quantity and quality targets, measured with varying degrees of precision. We...
Persistent link: https://www.econbiz.de/10010720301
We use an experiment to study the impact of team-based incentives, exploiting rich data from personnel records and management information systems. Using a triple difference design, we show that the incentive scheme had an impact on team performance, even with quite large teams. We examine...
Persistent link: https://www.econbiz.de/10011166368
Persistent link: https://www.econbiz.de/10010708865
Persistent link: https://www.econbiz.de/10010861636
This article examines the link between the integration processes at work in acquired companies and the results of acquisition. New questions are raised concerning the underlying mechanisms of the integration process, in which it is essential to identify those factors that lend value to the...
Persistent link: https://www.econbiz.de/10010905268
We examine how ownership concentration and the separation of ownership and control affect market liquidity in France. We find that firms with a large insider blockholder exhibit significantly lower liquidity. Different methods of concentrating control affect liquidity in different ways. Pyramid...
Persistent link: https://www.econbiz.de/10010706821
We analyze the impact of takeover threats on long term relationships between the target owners and other stakeholders …’ incentive to invest. The threat of a takeover that would transfer value from the stakeholders reduces their ex ante investment …. However, the stakeholders may appropriate ex post some value created by a takeover. This can prevent some value …
Persistent link: https://www.econbiz.de/10010707320
This paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems in Europe. One share-one vote encourages the selection of an efficient management team. Families are the...
Persistent link: https://www.econbiz.de/10010707890
takeover bids; and (iii) the stock liquidity is low. …
Persistent link: https://www.econbiz.de/10010708206