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system appropriate for this kind of production, in which there is a high return to "multi-tasking", where the same workers …
Persistent link: https://www.econbiz.de/10013135877
The quot;fairnessquot; of negotiations between countries and resource extracting firms is subject to many accusations and counter-accusations and may be argued, in many instances, to impact the subsequent economic benefit to a host country from extraction. This paper examines the role of host...
Persistent link: https://www.econbiz.de/10012773432
This essay reviews Bebchuk and Fried's quot;Pay without Performance: The Unfulfilled Promise of Executive Compensationquot;. Bebchuk and Fried criticize the standard view of executive compensation, in which executives negotiate contracts with shareholders that provide incentives that motivate...
Persistent link: https://www.econbiz.de/10012778036
We study the relation between corporate governance and opportunistic timing of CEO option grants via backdating or otherwise. Our methodology focuses on how grant date prices rank within the price distribution of the grant month. During 1996-2005, about 12% of firms provided one or more lucky...
Persistent link: https://www.econbiz.de/10012778100
the extent of the programs; and the NBER Shared Capitalism Project surveys of workers in 14 companies that use shared … supervision in affecting almost all of the outcomes. Overall the results support the idea that workers can gain by sharing, but …
Persistent link: https://www.econbiz.de/10012758505
levels of supervision, and c) fixed wages that are at or above market level. Most workers report that cash incentives, stock …
Persistent link: https://www.econbiz.de/10012758506
While prior empirical work and much public attention have focused on the opportunistic timing of executives' grants, we provide in this paper evidence that outside directors' option grants have also been favorably timed to an extent that cannot be fully explained by sheer luck. Examining events...
Persistent link: https://www.econbiz.de/10012760477
We compare the trading performance of independent directors and other officers of the firm. We find that independent directors earn positive and substantial abnormal returns when they purchase their company stock, and that the difference with the same firm's officers is relatively small at most...
Persistent link: https://www.econbiz.de/10012760496
Innovation in the U.S. economy is about employing and rewarding highly talented workers to produce new products. Using … innovation, or high variance payoffs, are more likely to attract and pay for star workers. Thus, firms in high variance product … markets pay more up-front--in starting salaries--to attract and motivate star employees, because if these star workers produce …
Persistent link: https://www.econbiz.de/10012760728
Employee stock purchase plans (ESPPs) are designed to promote employee stock ownership broadly within the firm and provide another tax-deferred vehicle for individual capital accumulation in addition to traditional pensions, 401(k)s, and stock options. We outline the individual and corporate tax...
Persistent link: https://www.econbiz.de/10012762655