The Taiwanese government offers firms that invest in qualified projects in emerging high-tech industries two mutually exclusive tax incentives—a corporate 5-year tax exemption or shareholder investment tax credits. This study examines whether corporate managers take shareholder tax benefits...

We investigate whether referral-based hiring exacerbates or mitigates control problems. Incentive contracts can be used to attract employees with certain traits. However, whether the outcomes are positive for the firm or not depends on the quality of incentive contracts. Our research setting...

We investigate how geographic distance relates to corporate investment decisions (i.e., investment location and ownership structure choices), using a setting of Taiwanese firms' investment in mainland China. We measure geographic distance as travel time between parent firms (in Taiwan) and...

We investigate how a compensation committee's peer-specific knowledge affects its ability to implement relative performance evaluations (RPE) in CEO compensation. Peer-specific knowledge refers to information about internal operations of (potential) peer firms. We predict that peer-specific...

We examine the association between managers' expertise and their discretionary bonus decisions in a hospital setting. We hypothesize that high-expertise managers make decisions that encourage cooperation among their subordinates. However, low-expertise managers cannot do so because their lower...

Economics, social psychology, and management studies suggest that group identity plays an important role in directing employee behaviors. On the one hand, strong group identity could motivate high effort by resolving conflicts of interests in the workplace. On the other hand, it could encourage...

An effective corporate culture takes a long time to build and requires considerable effort from top management. However, top management can only profit from their investment in building corporate culture if they remain in the same firm. We study how top management’s external and internal...

Many decisions are made based on persuasion. In the persuasion process, self-interested agents produce information to convince an evaluator to approve their proposals. Whether an evaluator will discount the agents' suggestions and reject their proposal is neither clear nor obvious. We highlight...

The Taiwanese government offers firms that invest in qualified projects in emerging high-tech industries two mutually exclusive tax incentives-a corporate 5-year tax exemption or shareholder investment tax credits. This study examines whether corporate managers take shareholder tax benefits into...