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with theoretical work on internal theory of the firm, which predicts that productivity compensation schemes will work well … production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency …
Persistent link: https://www.econbiz.de/10012476899
We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...
Persistent link: https://www.econbiz.de/10012462141
This paper employs a novel data set on lobbying expenditures to measure the degree of within-sector political organization and to explore the determinants of the mode of lobbying and political organization across U.S. industries. The data show that sectors characterized by a higher degree of...
Persistent link: https://www.econbiz.de/10012463876
commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …
Persistent link: https://www.econbiz.de/10012458899
. Much less work has considered the importance of the auction process. For example, in many auctions, auctioneers are present … and can impact the process of the auction by varying starting prices, level of price adjustments, the speed of the auction … explore the importance of auction process by testing whether auctioneers can have a systematic difference on auction outcomes …
Persistent link: https://www.econbiz.de/10012458932
to timely production data. Process monitoring' technologies give distant managers a window to production which can both … the short term. This paper investigates where and why IT-based process monitoring is valuable within the trucking industry … theory and relates them to how supply chains are organized …
Persistent link: https://www.econbiz.de/10012472323
empirical scrutiny. This paper examines one setting where theory suggests that variations in financing conditions should matter … theory, agreements signed during periods with little external equity financing that assign the bulk of the control to the …
Persistent link: https://www.econbiz.de/10012471312
This paper extends the existing theory and empirical investigation of unitization contracts. It highlights the …
Persistent link: https://www.econbiz.de/10012471652
Relative performance evaluation (RPE) intensifies competitive pressure by tying executive compensation to the profits of rivals. We show that these contracts make loan syndication harder by reducing banks' willingness to participate in loans underwritten by banks named in their RPE contracts....
Persistent link: https://www.econbiz.de/10013172158
We study relational contracts among managers using unique data that tracks transfers of workers across teams in Indian ready-made garment factories. We focus on how relational contracts help managers cope with worker absenteeism shocks, which are frequent, often large, weakly correlated across...
Persistent link: https://www.econbiz.de/10012794609