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We develop a model to study the impact of corporate governance on firm investment decisions and industry competition … investment strategy and we study how different governance structures shape technical progress and the degree of competition over … characterized by heterogeneous governance structures generate the well-documented inverted-U shaped relation between competition and …
Persistent link: https://www.econbiz.de/10012319182
We develop a model to study the impact of corporate governance on firm investment decisions and industry competition … investment strategy and we study how different covernance structures shape technical progress and the degree of competition over … characterized by heterogeneous governance structures generate the well-documented inverted-U shaped relation between competition and …
Persistent link: https://www.econbiz.de/10013226283
Persistent link: https://www.econbiz.de/10012437109
Persistent link: https://www.econbiz.de/10013387806
Using manager compensation disclosure and intra-family manager cooperation measures, we create indices of family-level competitive/cooperative incentives. Families that encourage cooperation among their managers are more likely to engage in coordinated behavior (e.g., cross-trading,...
Persistent link: https://www.econbiz.de/10012901725
This paper considers a two-stage game with two owners and two managers. On the first stage, the owners choose a linear combination of profits and sales as incentives for their managers. On the second stage, the two managers compete in a tournament against each other. In a symmetric equilibrium,...
Persistent link: https://www.econbiz.de/10014117143
Does the matching between workers and jobs help explain productivity differentials across firms? To address this question we develop a job-worker allocation quality measure (JAQ) by combining employer-employee administrative data with machine learning techniques. The proposed measure is...
Persistent link: https://www.econbiz.de/10013330006
This paper asked the question of whether the behavior and compensation of interlocked executives and non-independent board of directors are consistent with the hypothesis of governance problem or whether this problem is mitigated by implicit and market incentives. It then analyzes the role of...
Persistent link: https://www.econbiz.de/10012903789
Does the matching between workers and jobs help explain productivity differentials across firms? To address this question we develop a job-worker allocation quality measure (JAQ) by combining employer-employee administrative data with machine learning techniques. The proposed measure is...
Persistent link: https://www.econbiz.de/10013293612
Does the matching between workers and jobs help explain productivity differentials across firms? To address this question we develop a job-worker allocation quality measure (JAQ) by combining employer-employee administrative data with machine learning techniques. The proposed measure is...
Persistent link: https://www.econbiz.de/10013175462