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Profit sharing can lead to higher productivity and thus to higher firm profitability and employee wages. It may also … profit sharing increases earnings fluctuations, it also increases earnings growth in the longer term. As with any group … incentive plan, profit sharing may result in some workers benefiting from the effort of others without themselves exerting …
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-month threshold set by the short-swing profit recovery rule to construct a new measure of intentions, which predicts both …
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profit from doing so. However, since CEOs are risk-averse, highly un-diversified, and face litigation costs from trading on …
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Recent research has shown that the unexplained gender wage gap is smaller in establishments where a works council is present. The finding raises the question of whether establishment-level codetermination reduces gender wage discrimination or whether it reduces a wage differential that reflects...
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The long-term employment contracts that helped to explain the once superior performance Japanese companies have come under pressure after the burst of the economic bubble in Japan after 1990. A large number of long-tenured, highly paid employees can become a financial burden for a company....
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This note deals with the simplified case of a principal (e.g., a firm's board of directors) which delegates execution of an economic activity to a business unit (or a subsidiary firm) managed by a manager. It is assumed that the manager has no control over the cash flows injected into the unit...
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