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Information Production and Capital Allocation : Decentralized vs. Hierarchical Firms

Stein, Jeremy C. - 2000

costlessly hardened' and passed along within the hierarchy. As a concrete application of the theory, the paper discusses the …

Persistent link: https://www.econbiz.de/10012471056

The Allocation of Authority in Organizations : A Field Experiment with Bureaucrats

Bandiera, Oriana - 2020

hierarchy …

Persistent link: https://www.econbiz.de/10012479257

Do Managers Do Good with Other People's Money?

Cheng, Ing-Haw - 2013

We find support for two key predictions of an agency theory of unproductive corporate social responsibility. First, increasing managerial ownership decreases measures of firm goodness. We use the 2003 Dividend Tax Cut to increase after-tax insider ownership. Firms with moderate levels of insider...

Persistent link: https://www.econbiz.de/10012459228

The Economic Consequences of Political Hierarchy : Evidence from Regime Changes in China, AD1000-2000

Bai, Ying - 2020

We argue that China, with its long history, a relatively stable political system, and multiple regime changes, provides … us an opportunity to investigate the political economy of administrative hierarchy. Using prefecture-level panel data and … exploiting regime changes during AD1000-2000, we find that gaining and losing importance in the political hierarchy led to the …

Persistent link: https://www.econbiz.de/10012479176

Intentions for Doing Good Matter for Doing Well : The (Negative) Signaling Value of Prosocial Incentives

Cassar, Lea - 2017

Prosocial incentives and Corporate Social Responsibility (CSR) initiatives are seen by many firms as an effective way to motivate workers. Recent empirical results seem to support the expectation that prosocial incentive, e.g. in the form of a charitable donations by the firm, can increase...

Persistent link: https://www.econbiz.de/10012453604

Tractability in Incentive Contracting

Edmans, Alex - 2009

This paper identifies a class of multiperiod agency problems in which the optimal contract is tractable (attainable in closed form). By modeling the noise before the action in each period, we force the contract to provide sufficient incentives state-by-state, rather than merely on average. This...

Persistent link: https://www.econbiz.de/10012463104

Going Green in China : Firms’ Responses to Stricter Environmental Regulations

Fan, Haichao - 2019

This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...

Persistent link: https://www.econbiz.de/10012480484

Affirmative Action in Hierarchies

Scotchmer, Suzanne - 2005

If promotion in a hierarchy is based on a random signal of ability, rates of promotion will be affected by risk …-taking. Further, the numbers and abilities of risk-takers and non-risk-takers will be different at each stage of the hierarchy, and …

Persistent link: https://www.econbiz.de/10012467472

Hierarchies, Specialization, and the Utilization of Knowledge : Theory and Evidence from the Legal Services Industry

Garicano, Luis - 2004

What role do hierarchies play with respect to the organization of production and what determines their structure? We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services....

Persistent link: https://www.econbiz.de/10012468261

The Flattening Firm : Evidence from Panel Data on the Changing Nature of Corporate Hierarchies

Rajan, Raghuram - 2003

time. We also find that the number of levels between the lowest managers with profit center responsibility (division heads …) and the CEO has decreased and more of these managers are reporting directly to the CEO. Moreover, more of these managers … and the CEO is coming into direct contact with more managers in the organization, even while managerial responsibility is …

Persistent link: https://www.econbiz.de/10012469065