Showing 1 - 10 of 30
over other firms. Private information or mobility costs can provide that advantage. Also required is that the risk have a …
Persistent link: https://www.econbiz.de/10013249560
A theory of leadership is proposed and tested. Leaders are characterized as those who have the ability to choose the … right direction more frequently than their peers. The theory implies that leaders tend to be more able, place themselves in … highest variance industries, where decision making has the greatest payoff. The theory is tested using data on Stanford …
Persistent link: https://www.econbiz.de/10013069965
Persistent link: https://www.econbiz.de/10001502952
Persistent link: https://www.econbiz.de/10001543269
Persistent link: https://www.econbiz.de/10001144719
Persistent link: https://www.econbiz.de/10001085436
This paper argues that pensions are used as severance pay devices in an efficient compensation scheme. The major points of the study are: (1) Severance pay, which takes the form of higher pension values for early retirement, is widespread. (2) A major reason for the existence of pensions is the...
Persistent link: https://www.econbiz.de/10012774608
Workers who hold a firm's stock make decisions other than those that pure capital owners would make, but there exist institutions and compensation packages that will generally lead workers to favor efficient firm decisions. Workers care about their firm-specific rents and may seek shares in...
Persistent link: https://www.econbiz.de/10012774982
A common theme which runs through much of the investment literature is that private incentives may lead to sub-optimal levels of investment activity. The idea has been extended casually to consideration of human capital investment as well. It is sometimes contended that decisions, made by...
Persistent link: https://www.econbiz.de/10012763223
Sales agents are impatient relative to owners. If a good fails to sell, the owner still retains possession of that good and can enjoy its services, whereas the agent receives nothing. As a consequence, sales agents prefer a lower price than does an owner. Owners are therefore reluctant to...
Persistent link: https://www.econbiz.de/10013046598