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Can competition reduce moral hazard? : a laboratory experiment
Rahman, Raja Abdar; Said, Farah - 2019
Persistent link: https://www.econbiz.de/10014287200
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Relative Weights on Performance Measures in a Principal-Agent Model with Moral Hazard and Adverse Selection
Banker, Rajiv D.; Plehn-Dujowich, Jose M.; Xian, Chunwei - 2014
This paper examines the role of multiple measures of performance in a principal-agent model incorporating both moral hazard and adverse selection. The outcome of interest to the principal depends stochastically on the agent’s unobservable ability and effort, while the principal implements a...
Persistent link: https://www.econbiz.de/10014205654
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Trust, competition and innovation : theory and evidence from German car manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2015
&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement … - but also with more competitive procurement: trust and rents from reduced supplier competition in the procurement process … emerge as substitutes both in theory and in the data. …
Persistent link: https://www.econbiz.de/10010485523
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Multinational firms' organisational dynamics : competition intensity and the ownership decision under uncertainty
Navarro, Leandro Gastón - 2021
increasing offshoring activity increases competition in the final goods market, leading to a progressive vertical disintegration … of the supply chains. Initially, the firms that decide to explore offshoring potential choose integration. As competition … fully domestic supply chains, the increasing competition promotes a sequential disintegration of the domestic intermediate …
Persistent link: https://www.econbiz.de/10013332242
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Procrastination in teams, contract design and discrimination
Weinschenk, Philipp - 2011
We study a dynamic model of team production with moral hazard. We show that the players begin to invest effort only shortly before the time limit when the reward for solving the task is shared equally. We explore how the team can design contracts to mitigate this form of procrastination and show...
Persistent link: https://www.econbiz.de/10009161322
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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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Business groups in emerging markets : financial control and sequential investment
Hainz, Christa - 2006
Business groups in emerging markets perform better than unaffiliated firms. One explanation is that business groups substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model where firms within the business group are connected...
Persistent link: https://www.econbiz.de/10010365879
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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
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Delegating recruitment under asymmetric information
Sengupta, Sarbajit - 2002
Recruitment is often delegated to senior employees. Delegated recruitment, however, is vulnerable to moral hazard because senior employees may avoid recruiting the best candidates who could threaten their future seniority. We find that seniors will not deliberately choose bad candidates if the...
Persistent link: https://www.econbiz.de/10011514022
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Financial Constraints and Moral Hazard : The Case of Franchising
Fan, Ying - 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/10013073632