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The incentive compatibility condition, firm culture, and social norms under moral hazard : theory and evidence
Dhami, Sanjit S.; Wei, Mengxing - 2024
In a principal-agent model under moral hazard we examine the psychological and social motivations of the agent that influence the incentive compatibility condition (ICC) of the agent. Under “firm culture” firms emphasize that high effort is consistent with its culture. Under “industry-wide...
Persistent link: https://www.econbiz.de/10015071165
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Firm Investment and Stakeholder Choices : A Top-Down Theory of Capital Budgeting
Almazan, Andres - 2012
the interaction of top executives, with private information and stakeholders (e.g., employees) whose motivation and … efforts affect the likelihood of the firm's success. In this setting, the decisions of top executives affect stakeholders … expenditures indicate that a firm has promising prospects and induce stakeholders to take actions that contribute to the firm …
Persistent link: https://www.econbiz.de/10013113405
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The management of moral hazard through the implementation of a Moral Compliance Model (MCM)
San-Jose, Leire; Gonzalo, Jose Felix; Ruíz-Roqueñi, Maite - In: European research on management and business economics 28 (2022) 1, pp. 1-11
Moral hazard in an organization occurs when people make decisions and take a high risk for their own benefit, given that they would not have to bear all the negative ensuing consequences should they occur. This risk transferred to third parties is generally due to the catalysts that foster this...
Persistent link: https://www.econbiz.de/10012813824
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Managerial incentives, capital structure and corporate governance
Li, Xinping - 2008
Persistent link: https://www.econbiz.de/10011573115
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Conflict and confluence : the multidimensionality of opportunism in principal-agent relationships
Zardkoohi, Asghar; Harrison, Joseph S.; Josefy, Mathew A. - In: Journal of business ethics : JOBE 146 (2017) 2, pp. 405-417
Persistent link: https://www.econbiz.de/10011789334
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Firm investment and stakeholder choices : a top-down theory of capital budgeting
Almazan, Andres; Chen, Zhaohui; Titman, Sheridan - In: The journal of finance : the journal of the American … 72 (2017) 5, pp. 2179-2228
Persistent link: https://www.econbiz.de/10011764375
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The effectiveness of founder signals and firm performance during the IPO process
Galloway, Tera L.; Miller, Douglas R. - In: Journal of research in marketing and entrepreneurship 25 (2023) 1, pp. 43-62
Persistent link: https://www.econbiz.de/10014295074
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A continuous theory of income insurance
Lindbeck, Assar; Persson, Mats - 2010
In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual's health sheds new...
Persistent link: https://www.econbiz.de/10010270506
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Social interaction and sickness absence
Lindbeck, Assar; Palme, Mårten; Persson, Mats - 2008
Does the average level of sickness absence in a neighborhood affect individual sickness absence through social interaction on the neighborhood level? To answer this question, we consider evidence of local benefit-dependency cultures. Well-known methodological problems in this type of analysis...
Persistent link: https://www.econbiz.de/10010276141
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The Welfare State - Background, Achievements, Problems
Lindbeck, Assar - 2006
This paper starts out with a brief discussion of the historical background, the justifications and the political forces behind the built up of the modern welfare state. It also summarizes its major achievements in terms of economic efficiency and redistribution. The paper also tries to identify...
Persistent link: https://www.econbiz.de/10010320118