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The interplay between CEO-TMT exchange level and differentiation : implications for firm competitive behaviors and performance

Lin, Hao-Chieh; Lin, Pei-Chun - In: Journal of business research : JBR 95 (2019), pp. 171-181

Persistent link: https://www.econbiz.de/10011979849

Do managers with limited liability take more risky decisions? An information acquisition model

Malcomson, James M. - 2010

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10010275809

Do managers with limited liability take more risky decisions? : an information acquisition model

Malcomson, James M. - 2010

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … return. Further results on the form of contracts are also derived. -- managers ; risky decisions ; limited liability …

Persistent link: https://www.econbiz.de/10003937594

Stock-based compensation plans and employee incentives

Zábojník, Ján - 2014

Standard principal-agent theory predicts that large firms should not use employee stock options and other stock-based compensation to provide incentives to non-executive employees. Yet, business practitioners appear to believe that stock-based compensation improves incentives, and mounting...

Persistent link: https://www.econbiz.de/10010362951

The Role of Executive Stock Options as Insurance for CEOs Against Hold-Up

Jones, Edward A.E. - 2013

market competition in the penultimate year of forced CEO departure …

Persistent link: https://www.econbiz.de/10013074659

Managerial Turnover and Entrenchment

Wu, Zenan - 2018

We consider a two-period model in which the success of the firm depends on the effort of a first-period manager (the incumbent) and the ability of a second-period manager. At the end of the first period, the board receives a noisy signal of the incumbent manager's ability and decides whether to...

Persistent link: https://www.econbiz.de/10012937388

Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model

Malcomson, James M. - 2021

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …

Persistent link: https://www.econbiz.de/10013316254

Learning, termination, and payout policy in dynamic incentive contracts

DeMarzo, Peter M.; Sannikov, Yuliy - 2016

We study a principal-agent setting in which both sides learn about future profitability from output, and the project can be abandoned/terminated if profitability is too low. With learning, shirking by the agent both reduces output and lowers the principal's estimate of future profitability. The...

Persistent link: https://www.econbiz.de/10011864825

Differences in social preferences : are they profitable for the firm?

Küpper, Hans-Ulrich; Sandner, Kai - 2008

This paper analyzes the impact of heterogeneous (social) preferences on the weighting and combination of performance measures as well as on a firm's profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum of possible preferences and show that the principal...

Persistent link: https://www.econbiz.de/10010442170

The value of leadership : evidence from a large-scale field experiment

Englmaier, Florian; Grimm, Stefan; Grothe, Dominik; … - 2021

Companies increasingly shift from hierarchical to team-based organizational structures. Scholars and practitioners … performance time-wise, but also team organization, without reducing the originality of solutions. Hence, leadership encouragements … can serve as a cost-effective tool to foster team performance. …

Persistent link: https://www.econbiz.de/10012607636