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decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors originating … a principled, quasi-ideological stance towards shareholders and stakeholders, called shareholderism, on which they vary …
Persistent link: https://www.econbiz.de/10012655967
This article studies how a firm fosters formal and informal interaction among its employees to create a collective identity and positively influence their effort. We develop an agency model, in which employees have both a personal and a social ideal for effort. The firm does not observe the...
Persistent link: https://www.econbiz.de/10011968530
We study bilateral bargaining problems with interested third parties, the stakeholders that enjoy benefits upon a …
Persistent link: https://www.econbiz.de/10010262598
This paper studies the interactions between corporate law and VC exits by acquisitions, an increasingly common source of VC-related litigation. We find that transactions by VC funds under liquidity pressure are characterized by (i) a substantially lower sale price; (ii) a greater probability of...
Persistent link: https://www.econbiz.de/10013286016
This study sets out to examine state-society relations in Iraq through the conceptual lens of the social contract and also provides a starting point for deriving potential areas of activity for external actors, such as German development cooperation (DC) and technical cooperation (TC). These...
Persistent link: https://www.econbiz.de/10013544056
With the help of the concept of linkage and leverage, this paper aims at exploring how the relative influence of international actors (namely the European Union (EU) and Russia) can explain the persistence of the authoritarian regime in Belarus. The findings suggest that in the background of the...
Persistent link: https://www.econbiz.de/10014309928
Building on a World Bank regional study in Africa aiming at measuring social contracts concepts and within the framework of reflecting on future donor interventions, this paper applies social contracts measurement and complements with qualitative assessments in Somalia. This paper uses the...
Persistent link: https://www.econbiz.de/10014322611
This paper investigates how persistent changes in trust caused by the Great Recession have affected how governments and citizens across Europe responded to the next global crisis: the COVID-19 pandemic. We show that increases in individualism and mistrust towards institutions caused by...
Persistent link: https://www.econbiz.de/10014477449
Social cohesion' and the 'social contract' are two related analytical concepts, which have become increasingly popular among researchers and practitioners. Both concepts help to understand and characterise societies and countries by shedding light on the relationships between members and groups...
Persistent link: https://www.econbiz.de/10014485942
This article investigates the demand side of social contracts. It asks what people expect from their governments. Drawing on original, nationally representative surveys in Egypt, Tunisia and Lebanon, it explores popular preferences for the three possible government deliverables in social...
Persistent link: https://www.econbiz.de/10014504443