We examine how firms adapt their organization when they go public. To conform with the requirements of public capital markets, we expect IPO firms to become more organized, making the firm more accountable and its human capital more easily replaceable. We find that IPO firms transform into a...

In diesem Beitrag wird untersucht, wie Unternehmen ihre Organisation anpassen, wenn sie erstmalig an die Börse gehen (initial public offering, IPO). Im Zuge des Börsengangs wandeln sich Unternehmen in eine hierarchischere Organisation um und verstärken die Aufsicht durch das Management....

This paper describes the Workplace-Equilibrium Project, which provides a home for economists interested in the formal analysis of labor pricing and use in specialized firms and economies. The Project emphasizes the unique nature of labor input, especially in the context of agency problems, and...

This paper initiates a critical management studies (CMS) evaluation of social capital in an HRD context by drawing on insights from both Foucault and Habermas. Alternative interpretations of three seminal social capital concepts - weak ties, structural holes and social resources - are presented....

The optimal view of managerial power theory suggests that corporate boards reward CEOs with power for good firm performance as the boards' assessment of their ability is higher. In evaluating the CEO's quality, economic theory predicts that boards filter out luck from performance. Luck...

Employees learn from performing their tasks, and in the process they accumulate potentially portable human capital. If companies cannot commit to specific task assignments, they may have an incentive to assign workers to tasks that reduce the cost of retaining them but do not maximize their...