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Individual and corporate social responsibility
Bénabou, Roland; Tirole, Jean - 2009
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the psychology and economics of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10010269689
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Prosocial Managers, Employee Motivation, and the Creation of Shareholder Value
Kajackaite, Agne; Sliwka, Dirk - 2018
Milton Friedman has famously claimed that the responsibility of a manager who is not the owner of a firm is "to conduct the business in accordance with their [the shareholders'] desires, which generally will be to make as much money as possible." In this paper we argue that when contracts are...
Persistent link: https://www.econbiz.de/10011931754
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Investor protection and the value of shares: evidence from statutory rules governing variations of shareholders' class rights in Russia
Muravyev, Alexander - 2009
This paper uses a quasi-experimental framework provided by recent changes in Russian corporate law to study the effect of investor protection on the value of shares. The legal change analyzed involves the empowerment of preferred (non-voting) shareholders to veto unfavorable changes in their...
Persistent link: https://www.econbiz.de/10010269433
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Capitalism Recoupled
Kelly, Colm; Snower, Dennis J. - 2021
stakeholder value. For government, it calls for setting legal obligations, targets and incentives to ensure that stakeholder value …
Persistent link: https://www.econbiz.de/10012658088
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Individual and Corporate Social Responsibility
Benabou, Roland; Tirole, Jean - Institute for the Study of Labor (IZA) - 2009
Society's demands for individual and corporate social responsibility as an alternative response to market and distributive failures are becoming increasingly prominent. We first draw on recent developments in the "psychology and economics" of prosocial behavior to shed light on this trend, which...
Persistent link: https://www.econbiz.de/10008469709
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Living arrangements in Western Europe: does cultural origin matter?
Giuliano, Paola - 2006
conditions suggests a major role for culture in determining living arrangements. …
Persistent link: https://www.econbiz.de/10010267568
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Culture, institutions and the wealth of nations
Gorodnichenko, Yuriy; Roland, Gerard - 2010
innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …
Persistent link: https://www.econbiz.de/10010274699
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Does culture affect divorce decisions? Evidence from European immigrants in the US
Furtado, Delia; Marcén, Miriam; Sevilla-Sanz, Almudena - 2011
This paper explores the role of culture in determining divorce decisions by examining country of origin differences in … evidence of the effect of culture. Our results are robust to controlling for several home country variables including average …-ethnics. Supplemental analyses indicate that divorce culture has a stronger impact on the divorce decisions of females than of males …
Persistent link: https://www.econbiz.de/10010280729
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External validation of the use of vignettes in cross-country health studies
Gupta, Nabanita Datta; Kristensen, Nicolai; Pozzoli, Dario - 2009
Cross-country comparisons of subjective assessments are rendered difficult if not impossible because of sub-population specific response style. To correct for this, the use of vignettes has become increasingly popular, notably within cross-country health studies. However, the validity of...
Persistent link: https://www.econbiz.de/10010269169
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Who compares to whom? The anatomy of income comparisons in Europe
Clark, Andrew E.; Senik, Claudia - 2009
This paper provides unprecedented direct evidence from large-scale survey data on both the intensity (how much?) and direction (to whom?) of income comparisons. Income comparisons are considered to be at least somewhat important by three-quarters of Europeans. They are associated with both lower...
Persistent link: https://www.econbiz.de/10010271306