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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

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

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

Capitalism Recoupled

Kelly, Colm; Snower, Dennis J. - 2021

This paper examines major forces that have decoupled economic and business prosperity from social prosperity and explores how recoupling can be promoted. Economists have specified well-known conditions under which free market enterprise with shareholder value maximization is efficient. These...

Persistent link: https://www.econbiz.de/10012658088

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

Race, Performance, Pay and Retention among National Basketball Association Head Coaches

Kahn, Lawrence M. - 2004

statistically insignificant racial differences in annual compensation, total contractwide compensation, and contract duration …

Persistent link: https://www.econbiz.de/10010261874

Unions and the Labor Market for Managers

Pischke, Jörn-Steffen; Hallock, Kevin F.; DiNardo, John - 2000

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Persistent link: https://www.econbiz.de/10010262364

A theory of expert leadership

Goodall, Amanda H. - 2012

How much knowledge should leaders have of their organization's core business? This is an important question but not one that has been addressed in the management literature. In a new 'theory of expert leadership' (TEL), this paper blends conceptual work with recent empirical evidence. It...

Persistent link: https://www.econbiz.de/10010282236

Expert leaders in a fast-moving environment

Goodall, Amanda H.; Pogrebna, Ganna - 2012

mechanics compared with leaders who were principally managers or engineers with degrees. There is a notable association between …

Persistent link: https://www.econbiz.de/10010287664

Executive compensation, firm performance, and chaebols in Korea: evidence from new panel data

Kato, Takao; Kim, Woochan; Lee, Ju Ho - 2005

information not only on executive compensation and firm performance but also on Chaebol affiliation) for 246 firms that were … governance and the structure of Korean executive compensation is considerably different from elsewhere in the West, we find that … cash compensation of Korean executives is statistically significantly related to stock market performance and that the …

Persistent link: https://www.econbiz.de/10010267324

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