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This paper develops a positive model of informal contracting in which rewards and punishments are not determined by an ex ante optimal plan but instead express the ex post moral sentiments of the arbitrating party. We consider a subjective performance evaluation problem in which a principal can...
Persistent link: https://www.econbiz.de/10011599594
The paper at hand is the first that explores the notion of attachment orientations, i.e. attachment anxiety and attachment avoidance, influencing individual attachment towards an organization, i.e. employees' affective, normative and continuance commitment. Findings of a questionnaire survey...
Persistent link: https://www.econbiz.de/10010292621
The paper analyses the motives behind trade use credit in the Polish enterprise sector, based on the results of the 2016 NBP Annual Survey. It verifies the conclusions stemming from trade credit theories regarding both the main motives driving supply and demand for trade credit, as well as...
Persistent link: https://www.econbiz.de/10012011823
The purpose of this paper is to present a comparative analysis of basic measures that demonstrate the development of R&D in the Visegrad Group countries (Poland, the Czech Republic, Hungary, and Slovakia) in the years 2004-2018. The preliminary anal- ysis of the problem allowed for the...
Persistent link: https://www.econbiz.de/10013204646
Purpose: Over time, technological intensity has been used as a proxy for innovation capability of firms in an industrial sector. However, not only firms belonging to the stratum of high technological intensity are able to innovate. Therefore, this study aims to explore a potential association...
Persistent link: https://www.econbiz.de/10012484240
insiders and outside directors is low and the proportion of independent directors on a board is high, a firm is more likely to …
Persistent link: https://www.econbiz.de/10011936938
of organizations. Meta-organizations have the properties of formal organizations-boundaries set by determinations of …
Persistent link: https://www.econbiz.de/10012611998
leverage of a firm since the value of equity decreases at a given level of debt, which, in turn, creates a higher equity return … examine whether variation in the leverage parameter was as a result of variation in the firm's financial leverage. The … were attributed to the differences in individual firm characteristics. An evidence of leverage effect was also found in all …
Persistent link: https://www.econbiz.de/10011988742
Firm size has remained a major area of investigation for researchers from a long time. This study aims at examining … impact of different measures of firm size (total assets, total sales, market capitalization and number of employees) on seven … important practices of corporate finance which are financial policy, dividend policy, investment policy, diversification, firm …
Persistent link: https://www.econbiz.de/10012664321
The asset-pricing models have been a fundamental area of research in finance due to its applicability in corporate finance and stock analysis. The present research attempted to evaluate the three popular asset-pricing models namely the capital asset-pricing model, the Fama-French three-factor...
Persistent link: https://www.econbiz.de/10014001580