Joerg, Petra; Loderer, Claudio; Roth, Lukas - In: European Financial Management 11 (2005) 2, pp. 133-152
"We rely on a survey of Swiss firms to document deviation from first-best for reasons of internal 'fairness' when allocating resources. This 'socialist' practice is more widespread in smaller than in larger firms. It ignores the reputation and past performance of the managers who apply for...