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This paper shows that monitoring too much a partner in the initial phase of a relationship may not be optimal if the … is simple: by monitoring too much we learn less on how the partner will behave when he is not monitored. Only by giving …
Persistent link: https://www.econbiz.de/10005703754
such as monitoring, but also through agents intrinsic trustworthiness. Their relative usage, however, changes over time and … to potential returns. When monitoring becomes relatively cheaper over time, agents acquire lower trustworthiness, which … choosing governance methods tend to have higher monitoring intensities and lower trust. These results are consistent with the …
Persistent link: https://www.econbiz.de/10005006775
workers that differ in monitoring intensity as they move from time to piece rates. The application of piece rates increases … quantity, and we find that the resultant quality can be improved with sufficient monitoring. "Committed" workers also produce … results thus show how a firm can refine its worker selection and monitoring options together with the payment system to …
Persistent link: https://www.econbiz.de/10010700365
effective corporate governance systems are essential in facilitating high levels of monitoring, accountability and disclosure …
Persistent link: https://www.econbiz.de/10008805896
Persistent link: https://www.econbiz.de/10005550897
the characteristics of an IS, and suggests ways in which its design can best be directed at those monitoring and control …
Persistent link: https://www.econbiz.de/10005673160
This paper examines the effects of incomplete information on dynamic investment and consumption in a general equilibrium model where shocks to capital are unobservable and there is structural or parameter uncertainty regarding the volatility of these shocks; i.e., the investment risk. In this...
Persistent link: https://www.econbiz.de/10012732378
This paper is about what is called usually SME (Small and medium-sized entreprises, thus including the very small companies). But it raises in preamble the question of the relevance, from an economic point of view, of this statistical category, defined, for example, like the companies employing...
Persistent link: https://www.econbiz.de/10012735557
This paper is concerned with those actions of business firms which are aimed at managing the business and economic risks and uncertainties. The standard example of risk management is finance and insurance but these only capture a small fraction of the business risk faced by a company in a...
Persistent link: https://www.econbiz.de/10012778810
We show that the increase in price riskiness reduces the optimal output under increasing absolute risk aversion. That is, the marginal impact of the risk on output is independent of the type of absolute risk aversion (decreasing, constant, or increasing)
Persistent link: https://www.econbiz.de/10012779445