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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
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
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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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Dann waren’s nur noch vier...Wie viele (und welche) Maßnahmen der aktiven Arbeitsmarktpolitik brauchen wir noch? Eine Bilanz nach der Evaluation der Hartz-Reformen
Eichhorst, Werner; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2007
policies in Germany were overhauled considerably. The paper reviews the recent evaluation findings and draws some conclusion … for the future setup of active labor market policies in Germany. It argues in favor of a streamlined repertoire of active … placement vouchers) and calls for a systematic evaluation of all schemes not scrutinized so far. …
Persistent link: https://www.econbiz.de/10005762166
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The Employment Effects of Job Creation Schemes in Germany : A Microeconometric Evaluation
Caliendo, Marco; Hujer, Reinhard; Thomsen, Stephan L. - 2005
In this paper we evaluate the employment effects of job creation schemes on the participating individuals in Germany …. Job creation schemes are a major element of active labour market policy in Germany and are targeted at long …
Persistent link: https://www.econbiz.de/10010262224
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Discretionary Measures of Active Labor Market Policy: The German Employment Promotion Reform in Perspective
Fertig, Michael; Schmidt, Christoph M. - 2000
recent studies analyze the impact of measures of employment promotion for the case of Germany, no comparable study exists on … for the first time in the history of German employment promotion that evaluation should be an integral part of the … – evaluation itself has mistakenly been understood by the legislator as a pure accounting exercise. We discuss this problem from …
Persistent link: https://www.econbiz.de/10010262390
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Evaluation of Active Labour Market Policy: Methodological Concepts and Empirical Estimates
Hujer, Reinhard; Caliendo, Marco - 2000
explain the need for evaluation on the micro- and macroeconomic level, introduce the fundamental evaluation problem and … solutions to it, give an overview of the newer developments in evaluation literature and finally take a look on empirical …
Persistent link: https://www.econbiz.de/10010262444
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Macroeconometric Evaluation of Active Labour Market Policies in Germany - A Dynamic Panel Approach Using Regional Data
Zeiss, Christopher; Caliendo, Marco; Blien, Uwe; Hujer, … - 2002
Most evaluation studies of active labour market policies (ALMP) focus on the microeconometric evaluation approach using … a first step to a complete evaluation which has to be followed by an analysis on the macroeconomic level. As a starting … estimate the impacts of ALMP in Germany for the time period 1999-2001 with regional data of 175 labour office districts. Due to …
Persistent link: https://www.econbiz.de/10010262531