this firm, increasing in importance when the workers' outside alternatives deteriorate. Profit-maximizing gifts would …

focus on short-term profit. This influence is particularly strong if the local managers of the German subsidiary are not … subsidiary increases the probability of focusing on short-term profit. These findings conform to the hypothesis that foreign … short-term profit. However, we do not identify differences in "short-termism" between investors from "Anglo-Saxon" and other …

Despite the "1/N problem" associated with profit sharing, the empirical literature finds that sharing profits with … observing that, although the incentive to work harder under profit sharing is weak, it might be sufficient to motivate workers … for this conjecture and we discuss the results of an experiment that confirms that profit sharing is most effective when …