We investigate institutional change as the co-occurrence of deinstitutionalization and institutionalization, while accounting for its determinants at multiple levels of analysis to further our understanding of how individual characteristics aggregated at the organizational level and...

This paper presents theoretical analysis of how career concerns and shareholder monitoring affect chief executive officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state-owned enterprises (SOEs) during the 1999-2007 period and...

Does a worker who had a successful career have stronger or weaker incentives to manipulate his reputation than a worker who performed poorly? This paper presents a tractable model that allows us to study career concerns when the strength of a worker's incentives depends on his employment history...