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In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Notable facts are that: the compensation distribution is highly skewed; each year, a sizeable fraction of chief...
Persistent link: https://www.econbiz.de/10008732068
Persistent link: https://www.econbiz.de/10011995465
We explore the nature of Business Groups, that is network-like forms of hierarchical organization between legally autonomous firms spanning both within and across national borders. Exploiting a unique dataset of 270,474 headquarters controlling more than 1,500,000 (domestic and foreign)...
Persistent link: https://www.econbiz.de/10009737190
initial contract is modified if one party in the relationship has a credible threat to quit or to shut down the firm. In …
Persistent link: https://www.econbiz.de/10011597691
Credit constraints are central to development economics theory. However, there is scant direct evidence that supports …
Persistent link: https://www.econbiz.de/10011457930
The paper studies human capital accumulation over workers' careers in an on the job search setting with heterogenous firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific training induce higher wages within jobs, and with...
Persistent link: https://www.econbiz.de/10011585846
We test under what circumstances boards discipline managers and whether such interventions improve performance. We …
Persistent link: https://www.econbiz.de/10008702077
We study whether CEO political ideology affected how S&P 500 firms reacted to the Covid-19 pandemic, an exogenous shock to demand and supply. We hypothesize that conservative CEOs are more likely to adopt shareholder-friendly than employee-friendly reactions to the pandemic. Hence, they should...
Persistent link: https://www.econbiz.de/10012815080
's type. We find that the form of the optimal contract depends on the job characteristics as well as the distribution of …
Persistent link: https://www.econbiz.de/10010382180
. Contract information is now accessible not only to current and prospective donors, but also to rival nonprofit organizations … competing for donations in the fundraising market. Our aim is to investigate the impact of publicly available contract … information on fundraising competition of nonprofit organizations. We argue that, although such provision makes contract …
Persistent link: https://www.econbiz.de/10012383902