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We examine how the managerial consumption of perquisites is determined and whether and how it impacts firm value. On the one hand, if the consumption of perks is a result of agency conflict, then it represents managerial excesses and is value-destroying. On the other hand, when the transaction...
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methodology on its own often fails to deliver productivity gains and how a holistic package incorporating safety, employee …. Improving productivity is the holy grail of every site manager. But while three decades of initiatives from Kaizen through TQM … productivity system that addresses every aspect of production. To implement a productivity system in practice, you need more than …
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