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Europe's future after the European Council meeting of June 2007: A panel discussion
Bordignon, Massimo; Gros, Daniel; Roland, Gérard; … - In: CESifo Forum 8 (2007) 4, pp. 39-44
Persistent link: https://www.econbiz.de/10004998571
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Why Is Corruption a Problem of the State?
Otáhal, Tomáš - In: Prague Economic Papers 2007 (2007) 2, pp. 165-179
Economic theories of the last decades provide analytical framework within which we can explain institutional conditions for corrupt action. Specialists making economic policy recommendations to resolve this problem use several approaches, the most dominant of which are rent seeking and agency...
Persistent link: https://www.econbiz.de/10005256958
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Up-front Franchise Fees and Ongoing Variable Payments as Substitutes: An Agency Perspective
Vázquez, Luis - In: Review of Industrial Organization 26 (2005) 4, pp. 445-460
This article provides evidence on the determinants of the compensation arrangements used in franchise relationships. While the empirical literature has studied two of these compensation arrangements – the royalty rate and the up-front franchise fee – this work expands the analysis to another...
Persistent link: https://www.econbiz.de/10005701917
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The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK
Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002
mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …
Persistent link: https://www.econbiz.de/10011092291
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Corporate diversification and board composition in Japanese electronic corporations
NISHI, Takahiro - International Institute of Social and Economic Sciences - 2014
business that may enhance stockholder value. The alignment of the interests of stockholders and managers reduces financial and …
Persistent link: https://www.econbiz.de/10011210335
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De-Diversification Activities of German Corporations From 1988 To 2002: Perspectives from Agency and Management Fashion Theory
Nicolai, Alexander T.; Thomas, Thomas W. - In: Schmalenbach Business Review (sbr) 58 (2006) 1, pp. 56-80
In the past, many countries have witnessed de-diversification waves. In this paper we illustrate that the same phenomenon can be observed in Germany. We discuss different theoretical explanations for the occurrence of de-diversification: the predominant agency theory approach and the less common...
Persistent link: https://www.econbiz.de/10005690214
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Power, rent extraction, and executive compensation
Bebchuk, Lucian; Fried, Jesse - In: CESifo Forum 3 (2002) 3, pp. 23-28
Persistent link: https://www.econbiz.de/10004998677
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Stakeholder scorecard versus balanced scorecard
Wolf, Cornelia; Körnert, Jan - Wirtschaftswissenschaften, … - 2004
Mit ihren vier Perspektiven - finanzielle Perspektive, Kundenperspektive, interne Prozeßperspektive sowie Lern- und Entwicklungsperspektive - informiert die Balanced Scorecard in einem ausgewogenen Bild über die aktuelle Zielerreichung und die zukünftigen Erfolgsmöglichkeiten eines...
Persistent link: https://www.econbiz.de/10009283679
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Incomplete contract, bargaining and optimal divisional structure
Bao, Te; Wang, Yongqin - In: Journal of Economics 107 (2012) 1, pp. 81-96
divisional managers is possible. In much the same light as Aghion and Tirole (J Political Econ 105(1):1–29, <CitationRef … when the managers cannot bargain with one another, internal integration is preferred to internal separation. Where … bargaining is possible, formal divisional structure defines both the ex post bargaining position of the two managers and their …
Persistent link: https://www.econbiz.de/10010987651
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Offshoring, trade and environmental policies: Effects of transboundary pollution
Kawata, Keisuke; Ouchida, Yasunori - Graduate School for International Development and … - 2013
This study develops a two-country model, Home and Foreign, with offshoring and environmental spillover. A final good producer in Home can produce (homogeneous) final goods using customized inputs produced by its partner-supplier in Foreign. The intermediate input price is determined by Nash...
Persistent link: https://www.econbiz.de/10010942961