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Task difficulty, performance measure characteristics and the trade-off between insurance and well-allocated effort
Schnedler, Wendelin - 2006
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003379118
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Division of labour and directed production
Ratto, Marisa; Schnedler, Wendelin - 2005
We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...
Persistent link: https://www.econbiz.de/10003114944
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EU loan syndication on competition and its impact in credit markets : final report
Europe Economics <London>; Euclid Law <Körperschaft>; … - 2019
Persistent link: https://www.econbiz.de/10012038529
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SME and entrepreneurship financing : the role of credit guarantee schemes and mutual guarantee societies in supporting finance for small and medium-sized enterprises
Cusmano, Lucia - 2018
Credit Guarantee Schemes (CGSs) are a widely used policy tool to ease access to finance by SMEs, which, in some countries, ramped up in the aftermath of the 2008-09 financial crisis. The present study aims to improve understanding about the role, impact and sustainability of CGSs, by...
Persistent link: https://www.econbiz.de/10011876988
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Boosting the development of efficient SMEs in the Netherlands
Kierzenkowski, Rafał; Kastaneer, Jochebed - 2014
medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being … alternatives to bank lending options for SME finance is important but will take time. Restructuring banks’ balance sheets is … essential to step up bank lending to SMEs in the medium term. Beyond financing issues, boosting innovation would support …
Persistent link: https://www.econbiz.de/10010464958
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How does finance influence labour market outcomes? : a review of empirical studies
Heil, Mark T. - 2018
employment volatility during cyclical fluctuations, and leverage strengthens firm bargaining power in labour negotiations. Bank … deregulation may have mixed impacts on labour depending upon the state of bank regulations and labour markets. Leveraged buyouts …
Persistent link: https://www.econbiz.de/10011914294
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Credit mediation for SMEs
Cusmano, Lucia - 2018
In the wake of the 2008-09 financial crisis, a number of European OECD countries introduced credit mediation schemes, as a new, often temporary mechanism to help ease access to finance by SMEs. This report investigates the nature of credit mediation and credit review schemes implemented in...
Persistent link: https://www.econbiz.de/10011876995
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Short-term contracts as a monitoring device
Rey, Patrick; Stiglitz, Joseph E. - 1994
Persistent link: https://www.econbiz.de/10000895476