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The Boundary of the Firm in a Model of Trade Within a Hierarchy

Levy, Nadav - 2003

-world multidivisional firms: Operative decisions are in the hands of middle managers who are rewarded with incentive contracts based on the … performance of their units; Managers' decisions are subject to approval and intervention by the top management of the firm; and … managers are better informed regarding the affairs of their divisions than their superiors in the firm's hierarchy. In this …

Persistent link: https://www.econbiz.de/10010263343

Questions Cooperative Directors Should Be Asking Management

Anderson, Bruce L.; Henehan, Brian M. - 2002

The most important responsibility of cooperative directors is to judiciously ask the right questions of management. It has been suggested that some directors do not know all of the correct questions to ask of management, or how. The purpose of this paper is fourfold: 1) To briefly describe how...

Persistent link: https://www.econbiz.de/10010263356

Kapitalmarktverfassung, Managerentlohnung und Bilanzpolitik

Franke, Günter - 2003

In diesem Beitrag wird untersucht, welchen Einfluss die Entlohnung eines Managers mit Fixum und gewinnbezogenem Bonus …

Persistent link: https://www.econbiz.de/10010263417

Creating strategic advantage through entrepreneurial governance in new ventures

Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - 2007

agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This … managerial incentives with the owners' goals, as agency theory predicts, it also grants top managers residual control rights to …

Persistent link: https://www.econbiz.de/10010263845

Tax overpayments, tax evasion, and book-tax differences

Goerke, Laszlo - 2008

A strictly risk-averse manager makes joint decisions on a firm's tax payments and book profit declarations according to accounting standards. It is analysed how the incentives to overpay or evade taxes and to inflate book profits are influenced by (1) the composition of the manager's...

Persistent link: https://www.econbiz.de/10010264300

The leader as catalyst: on leadership and the mechanics of institutional change

Majumdar, Sumon; Mukand, Sharun - 2008

Individual leaders have been central to the transformation of political institutions, organizations and many instances of social and economic reform. Why are some leaders able to take advantage of opportunities to successfully catalyze large-scale change while others fail? In this paper we argue...

Persistent link: https://www.econbiz.de/10010264389

How much sunlight does it take to disinfect a boardroom?: a short history of executive compensation regulation

Dew-Becker, Ian - 2008

This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...

Persistent link: https://www.econbiz.de/10010264423

French CEO compensations: what is the cost of a mandatory upper limit?

Llense, Fabienne - 2008

In the middle of the nineties, the sharp increase in globalisation and the last privatization wave have promoted the shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model is simulated in order to assess to what extend such a...

Persistent link: https://www.econbiz.de/10010264440

Managerial talent, motivation, and self-selection into public management

Delfgaauw, Josse; Dur, Robert - 2008

brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions … return to managerial ability is always highest in the private sector. As a result, relatively many of the more able managers …

Persistent link: https://www.econbiz.de/10010264466

Learning from the past: trends in executive compensation over the twentieth century

Frydman, Carola - 2008

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …

Persistent link: https://www.econbiz.de/10010264485