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The value of transparency in multidivisional firms
Piccolo, Salvatore; Tarantino, Emanuele; Ursino, Giovanni - 2015
We study internal incentives, transparency and firm performance in multidivisional organizations. Two independent … principal-agent contract with and without performance transparency. Then, we show how effort spillovers affect the equilibrium …
Persistent link: https://www.econbiz.de/10011774659
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The value of transparency in multidivisional firms
Piccolo, Salvatore; Tarantino, Emanuele; Ursino, Giovanni - In: International journal of industrial organization 41 (2015), pp. 9-18
Persistent link: https://www.econbiz.de/10011487469
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The multi-faceted concept of transparency
Forssbæck, Jens; Oxelheim, Lars - 2014
Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all … sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic … research. We look for common denominators across different areas where the concept is used, and find that transparency in …
Persistent link: https://www.econbiz.de/10010393290
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The blockchain, plums, and lemons : information asymmetries & transparency in decentralized markets
Notheisen, Benedikt; Weinhardt, Christof - 2019
information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market …
Persistent link: https://www.econbiz.de/10011979156
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Intermediation in a Sharing Economy : Insurance, Moral Hazard, and Rent Extraction
Weber, Thomas A. - 2017
Electronic intermediaries have become pervasive in sales transactions for many durables, such as cars, power tools, and apartments. Yet only recently have they successfully tackled the challenge of enabling parties to share such goods. A key impediment to sharing is a lender's concern about...
Persistent link: https://www.econbiz.de/10012973222
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The impact of incentive pay on corporate crime
Herold, Daniel - 2017
This paper presents a moral hazard model analyzing the agent's incentive to commit corporate crime. The principal can only observe profits which the agent can increase by committing crime or exerting effort. It is shown how different incentive contracts, i.e., thresholdlinear, capped bonus and...
Persistent link: https://www.econbiz.de/10011773464
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Informational rents and the excessive entry theorem : the case of hidden action
De Pinto, Marco; Goerke, Laszlo; Palermo, Alberto - 2023
Entry in a homogeneous Cournot-oligopoly is excessive if there is business stealing. This prediction assumes that production costs reduce profits and welfare equally. However, this need not be the case. If there is asymmetric information, suppliers or employees can utilize their superior...
Persistent link: https://www.econbiz.de/10013535974
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The blockchain, plums, and lemons: Information asymmetries & transparency in decentralized markets
Notheisen, Benedikt; Weinhardt, Christof - 2019
information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market …
Persistent link: https://www.econbiz.de/10011985255
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010202908
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Financial constraints and moral hazard : the case of franchising
Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2016
Financial constraints are considered an important impediment to growth for small businesses. We study theoretically and empirically the relationship between the financial constraints of agents and the organizational decisions and growth of principals, in the context of franchising. We find that...
Persistent link: https://www.econbiz.de/10011491589