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Family Ties and Organizational Design: Evidence from Chinese Private Firms
Cai, Hongbin; Li, Hongbin; Park, Albert; Zhou, Li-An - C.E.P.R. Discussion Papers - 2010
same firm. However, family managers face weaker incentives than professional managers as seen in the lower sensitivity of …
Persistent link: https://www.econbiz.de/10008468597
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Incentives, Solidarity, and the Division of Labor
Rauh, Michael T. - Department of Business Economics and Public Policy, … - 2007
on solidarity to one based on incentives. We therefore formalize aspects of the thought of Smith and Marx, who held that …
Persistent link: https://www.econbiz.de/10005220022
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Firms, Markets, and the Work Ethic
Ramalingam, Abhijit; Rauh, Michael - Department of Business Economics and Public Policy, … - 2008
are sufficiently high because it provides balanced incentives, fosters intrinsic motivation, and economizes on risk. An …
Persistent link: https://www.econbiz.de/10005011857
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Optimal hierarchies with diverse decision-makers
Puschke, Kerstin - 2007
We analyze the optimal decision-making hierarchy in an organization when decision-makers of limited liability have preferences conflicting with the organization's objective and exert externalities on their counterparts. In a horizontal hierarchy, every decision is made by a different agent. In a...
Persistent link: https://www.econbiz.de/10010299120
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Optimal hierarchies with diverse decision-makers
Puschke, Kerstin - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2007
We analyze the optimal decision-making hierarchy in an organization when decision-makers of limited liability have preferences conflicting with the organizations objective and exert externalities on their counterparts. In a horizontal hierarchy, every decision is made by a different agent. In a...
Persistent link: https://www.econbiz.de/10008533622
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Implicit contracts, incentive compatibility, and involuntary unemployment : thirty years on
MacLeod, William Bentley; Malcomson, James M. - 2023
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10013500553
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Incentives for prosocial activities : economic incentives can motivate prosocial behavior, but may shift attention away from valuable altruistic activities
Lacetera, Nicola - 2016
Early studies often found that offering economic incentives for undertaking prosocial and intrinsically motivated … related to whether crowding out (or substitution) is likely to occur. In many cases, incentives succeed in encouraging more … prosocial behavior and are also cost-effective. However, although the substitution of external incentives for intrinsic …
Persistent link: https://www.econbiz.de/10011434072
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Family or Nonfamily? CEO Appointment in a Multitask Model with Economic and Non-Economic Tasks
Kragl, Jenny - 2019
Prior economic research is very critical about family CEOs and family management. Nepotism, altruism, lower managerial abilities, and a small pool of qualified family candidates are cited as reasons that speak against family management. Still, the empirical reality is different. A surprisingly...
Persistent link: https://www.econbiz.de/10012895440
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Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On
MacLeod, W. Bentley; Malcomson, James - 2023
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...
Persistent link: https://www.econbiz.de/10014296625
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Optimal hierarchies with diverse decision-makers
Puschke, Kerstin (contributor) - 2007
organization's objective for the other decisions. -- Authority ; Decision Rights ; Incomplete Contracts …
Persistent link: https://www.econbiz.de/10003526226