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describe profit reinvestments in a general way based on results of a primary pilot study (128 interviews), where reinvestment …
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Can competition and the existence of profit-seeking actors in the school market improve educational quality? To see … considering evidence from regular markets that competition and the presence of for-profit actors should spur innovation. Our … epistemic problem, which impedes the beneficial effects of competition and the profit-motive. First, the view of knowledge …
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It is not possible for a formal employment contract to detail everything an employee should do and when. Informal relationships, in particular trust, allow managers to arrange a business in a more productive way; high-trust firms are both more profitable and faster growing. For example, if they...
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We exploit variation in the cultural heritage across U.S. CEOs who are the children or grandchildren of immigrants to demonstrate that the cultural origins of CEOs matter for corporate outcomes. Following shocks to industry competition, firms led by CEOs who are second- or third-generation...
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