Showing 1 - 10 of 2,042
Supervisors occupy central roles in production and performance monitoring. We study how heterogeneity in performance … evaluations across supervisors affects employee and supervisor careers and firm outcomes using data on the performance system of a … Scandinavian service sector firm. We show that supervisors vary widely in how they rate subordinates of similar quality. To …
Persistent link: https://www.econbiz.de/10011641782
This paper uses a large cross-country survey of business firms to assess their influence on government policies. It is found that influence is associated with larger, government-owned firms that have a high degree of ownership concentration. In contrast, foreign ownership matters little. It is...
Persistent link: https://www.econbiz.de/10010278305
Persistent link: https://www.econbiz.de/10014434951
leadership, morale and surprise, have continued to be important determinants of battle outcome despite technological progress in …
Persistent link: https://www.econbiz.de/10011411277
We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...
Persistent link: https://www.econbiz.de/10010298311
the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey … elicit people's trust correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly … favoring the Social Democratic Party or the Christian Democratic Party exhibit more trust. People above the age of 65 and those …
Persistent link: https://www.econbiz.de/10010300553
We investigate the effects of both trust and sociability for stock market participation, the role of which has been …, Ageing and Retirement in Europe supplemented with regional information on generalized trust from the World Value Survey and … on specific trust to financial institutions from Eurobarometer. We show that trust and sociability have distinct and …
Persistent link: https://www.econbiz.de/10010303716
We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in … the sample than previously claimed, and that outliers affect the results. Nevertheless trust seems quite important …
Persistent link: https://www.econbiz.de/10010321616
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10010322193
paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …
Persistent link: https://www.econbiz.de/10010324984