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Strategische Entscheidungen und die Trennung von Eigentum und Kontrolle -- Reputation im Zusammenspiel von … Kapitalgebern und Management -- Die Bewertung von M&A-Transaktionen -- Die amerikanische Banken- und Telekommunikationsindustrie … keinen signifikanten Einfluss der Unternehmensreputation auf die Bewertung von M&A-Transaktionen, sodass die Resultate der …
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We structurally estimate a novel job search model with endogenous job search effort, job quality dispersion, and effort monitoring, taking into account that monitoring effects may be mitigated by on-the-job search and search channel substitution. The data are from a randomized experiment...
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The introduction of deal types for issues of seasoned equity in which the offer follows quickly after the announcement highlights the role of underwriter certification in the performance of SEOs. Controlling for the matching between underwriters and issuing firms, we find that the quality of the...
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Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...
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the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …
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