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This study examines the impact of the prevalence of long-term equity-based CEO compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue long-term incentives given to CEOs in some firms may convey to...
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We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …
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We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …
Persistent link: https://www.econbiz.de/10013137792
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …
Persistent link: https://www.econbiz.de/10013137795