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Cross-Border Lending Contagion in Multinational Banks
Derviz, Alexis; Podpiera, Jiri - Česká Národní Banka - 2006
delegation and precautionary motives. We then show that these two phenomena create a separate channel of shock propagation, a …
Persistent link: https://www.econbiz.de/10005181148
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Diversification and delegation in firms
Cerasi, Vittoria; Daltung, Sonja - London School of Economics (LSE) - 2002
paper we show that delegation can be the only way to exploit the gains from diversification when overload costs of … diversification are high; delegation thus is the key ingredient to be able to diversify. … hazard between entrepreneurs and investors. Diversification could mitigate the moral hazard problem. However for a single …
Persistent link: https://www.econbiz.de/10010745110
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Diversification and Delegation in Firms
Cerasi, Vittoria; Daltung, Sonja - 2001
. In this paper we show that delegation can be the only way to exploit gains from diversification when overload costs of … diversification are high; delegation thus is the key ingredient to be able to diversify. … of credit due to moral hazard between the entrepreneur and external investors. Diversification could mitigate the moral …
Persistent link: https://www.econbiz.de/10010321264
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Diversification and Delegation in Firms
Cerasi, Vittoria; Daltung, Sonja - Sveriges Riksbank - 2001
. In this paper we show that delegation can be the only way to exploit gains from diversification when overload costs of … diversification are high; delegation thus is the key ingredient to be able to diversify. … of credit due to moral hazard between the entrepreneur and external investors. Diversification could mitigate the moral …
Persistent link: https://www.econbiz.de/10005649084
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Diversification and delegation in firms
Cerasi, Vittoria; Daltung, Sonja - 2001
. In this paper we show that delegation can be the only way to exploit gains from diversification when overload costs of … diversification are high; delegation thus is the key ingredient to be able to diversify. … of credit due to moral hazard between the entrepreneur and external investors. Diversification could mitigate the moral …
Persistent link: https://www.econbiz.de/10011583643
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The Macroeconomics of Delegated Management
Danthine, Jean-Pierre; Donaldson, John B. - 2003
in charge of thefirm's hiring and investment decisions. Delegation is seen to give rise to a generic conflict ofinterests …
Persistent link: https://www.econbiz.de/10005843489
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Organizational structure and innovative activity
Sliwka, Dirk - 2003
A model is analyzed in which agents exert effort to create innovations within an organization. When payments are infeasible, the decision on the implementation of a proposal is shown to bemadeby simplemonotonic decision rules. A trade-off arises between the use of information and the incentives...
Persistent link: https://www.econbiz.de/10005845884
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On the Notion of Responsibility in Organizations
Sliwka, Dirk - 2002
A theory of responsibility is provided in a simple model where agents care for their career prospects. First, two agents with uncertain abilities work on a task. Second, a principal decides to promote one of them. Three types of equilibria occur. One in which no agent is responsible for the task...
Persistent link: https://www.econbiz.de/10005845886
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Der Markt für "politische Zitronen"
Steinrücken, Torsten - Institut für Volkswirtschaftslehre <Ilmenau> - 2001
, sondern zusätzlich Negativausleseder politischen Zitronen den Nutzen der Delegation für die Bürger schmälern kann. Bestehtauf …
Persistent link: https://www.econbiz.de/10005855982
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The Distinct Effects of Information Technology and Communication Technology on Firm Organization
Bloom, Nick; Garicano, Luis; Sadun, Raffaella; Van … - London School of Economics and Political Science - 2009
Empirical studies on information communication technologies (ICT) typically aggregate the“information” and “communication” components together. We show theoretically and empirically thatthese have very different effects on the empowerment of employees, and by extension on wageinequality....
Persistent link: https://www.econbiz.de/10008860705