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Conceptual overview, critical commentary and future directions
Persistent link: https://www.econbiz.de/10011113270
We propose an extended principal-agent model considering employee commitment and describe how to motivate committed … are some interesting insights into the characteristic of optimal contracts: First, commitment is an effective motivator …, undifferentiated pay is sufficient in incentivizing committed agent to implement high effort in some cases. Second, commitment and wage …
Persistent link: https://www.econbiz.de/10009395486
The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth)....
Persistent link: https://www.econbiz.de/10011259431
The EU is striving for an ‘Innovative Union’. Various case studies already hinted that the involvement of various types of employees is crucial for the organisational innovativeness. Using data from a large scale Belgian employee level survey in five industries, this article focuses on the...
Persistent link: https://www.econbiz.de/10011259483
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Persistent link: https://www.econbiz.de/10011259650
The reflection of the employees behaviour towards assigned task and lack of interest in routine activates generates the negative results for organizational sustainable growth. Generally, stress at workplace brings the negativity in whole environment, thus, individual feel uncomfortable to...
Persistent link: https://www.econbiz.de/10011259708
This study was an attempt to explore the relationship between organizational justice, encompassed by three components: (distributive justice, procedural justice and interactional justice) job satisfaction, that is employees’ perceptions of workplace justice. This study, indeed, investigated...
Persistent link: https://www.econbiz.de/10011259755
The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...
Persistent link: https://www.econbiz.de/10011259891
Greif, Milgrom and Weingast (1994) argued that the ability of the merchant guilds to encourage trade expansion required an internal mechanism to enforce compliance to trade embargoes, otherwise credible incentives for "embargo breaking" would have rendered them ine¤ectual. We show that...
Persistent link: https://www.econbiz.de/10011260041
This article evaluates Herbert A. Simon’s contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon’s criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One...
Persistent link: https://www.econbiz.de/10011260227