We analyze the role of damage clauses in labor contracts using a model in which a worker may want to terminate his current employment relationship and work for another firm. We show that the initial parties to a contract have an incentive to stipulate excessive damage clauses, which leads to ex...

We study worker and firm behavior in an environment where worker effort could depend on co-workers’ wages. Theoretically, we show that an increase in workers’ ‘concerns’ with coworkers’ wages should lead profit-maximizing firms to compress wages under quite general conditions. However,...

The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...

Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...

The impact of wage increases on job satisfaction are explored. First, it is empirically established that current job satisfaction rises with absolute wage level as well as with wage increases. Second, a basic job satisfaction function is constructed based on the empirical results, and...

This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China’s listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...

The management process is not adressless. It is directed toward realization of certain goals. Possible are reasons of different kind as well as the influence of different factors leading to price deviations. By that means they can be realized or partially fulfilled and even when their...

Les PME forment une catégorie d’entreprises synonymes des spécificités et de diversité. Après avoir adopté une méthodologie d’étude de ces entreprises, nous postulons que celles-ci peuvent utiliser des systèmes de gestion de la qualité de type ISO 9000 principalement comme guide....

Keywords Création de connaissance, Vision entrepreneuriale, ISO 9000, Management de la connaissance, PME