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This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead … compensation ; delegated portfolio management ; nonmonotone incentive schemes ; non-monotone likelihood ratio property …
Persistent link: https://www.econbiz.de/10009959108
Management meted out punishment to enforce rules and encourage adherence. However, the effectiveness depended on how the employees perceive and interpret the policy. This study tested the effect of reducing individual lateness in a plastic factory. Field experiment was conducted to test the...
Persistent link: https://www.econbiz.de/10010009056
Bank loans through bank-firm relationship is expected to enhance the performance of firms owing to the possession of private information on the firms that is not readily available to other outside investors. This special relationship is deemed to be very important than equity financing in...
Persistent link: https://www.econbiz.de/10009958465
In October 2002, a substitution reform was introduced in the Swedish pharmaceuticals market. In this paper, the effects of increased price competition due to the reform on the entry of new pharmaceutical products were studied. The results show that the reform did affect the entry behavior of...
Persistent link: https://www.econbiz.de/10009958464
The Swedish health care system is to a large extent publicly managed by 21 local county councils. During recent years there has been a movement were local county councils have opted to allow more of the production to be performed by alternative producers (i.e. private firms, cooperatives etc.)....
Persistent link: https://www.econbiz.de/10009958472
compensation mechanism is introduced. For this implicit subsidy mechanism to operate, it is fundamental that not only the price of …
Persistent link: https://www.econbiz.de/10009959102
The share of privately paid medical care is steadily increasing. Polish patients pay immediately for single services and may also privately conclude the contracts for medical insurance or subscription (steady access to complex private medical care). The aim of this paper is to draw the reader's...
Persistent link: https://www.econbiz.de/10009959719
The article deals with the issue of health care, focusing on expenditure allocated to it. The first part of the article reviews some selected European Union countries, analyzing their expenditure on their health care sectors. The second part brings an analysis of expenditure on health care in...
Persistent link: https://www.econbiz.de/10009959731
Die demographisch bedingte Zunahme alter und sehr alter Personen, verbunden mit der deutlichen Verringerung der Personen im erwerbsfähigen Alter, stellt für den Bereich der Pflege eine große Herausforderung dar. Ein Großteil der Pflegebedürftigen wird zwar heute durch Familienangehörige zu...
Persistent link: https://www.econbiz.de/10010079506
the managers of these centers, the ability to define training needs and their compatibility with characteristic features …
Persistent link: https://www.econbiz.de/10010009379