Showing 1 - 10 of 13
This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...
Persistent link: https://www.econbiz.de/10009959108
The study investigates associations, first, between a firm's intellectual capital and market value, and second, between a firm's intellectual capital and financial performance in the context of Bangladeshi companies selected from three different industries - banking, textiles, and...
Persistent link: https://www.econbiz.de/10010009062
The differences that exist inside the labor Ecuadorian market, in the different branches of activity, demonstrate the training levels that the workers must have to avoid negative effects. However, in this study, the role played by individual, jobs and residence characteristics are analyzed on...
Persistent link: https://www.econbiz.de/10010017358
With a sample of 700 future public sector primary teachers in India, a Discrete Choice Experiment is used to measure job preferences, particularly regarding location. General skills are also tested. Urban origin teachers and women are more averse to remote locations than rural origin teachers...
Persistent link: https://www.econbiz.de/10010118862
This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees, makes real reform much harder, and leads to purely marginal changes that do not alter...
Persistent link: https://www.econbiz.de/10010118871
The paper examines the corporate governance mechanism of the control model (or insider control system) by looking at both the motivation for management to deviate from following their principal's wishes and whether the supervising body, the board of directors would correct them. Some...
Persistent link: https://www.econbiz.de/10009958025
Persistent link: https://www.econbiz.de/10009885063
Deregulation and progress in information and communication technologies have increased the geographical expansion of banking structures and instruments. This makes banks operationally close to the borrowers. At the same time, banking industry consolidation have induced a geographical...
Persistent link: https://www.econbiz.de/10010097638
This study investigates the effects of board characteristics on R&D investment by utilizing a data set of electronics firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that R&D investment is negatively associated with board size and positively associated with...
Persistent link: https://www.econbiz.de/10010097666
A new paradigm for public management, called "New Public Management", has emerged since the 1980s that is formed to confront at present problems. This model is originated from the fusion of economic theories and private sector management techniques. The most relief particulars of this model are...
Persistent link: https://www.econbiz.de/10010098101