This study examines the impact of promotion-based tournament incentives on corporate labor investment efficiency. We … fundamentals. The positive relationship between tournament incentives and labor investment inefficiency is weakened when senior …

We argue that corporate investment decisions depend not only on project characteristics such as expected NPV, but also …, we show that external hires experience a dip in investment activity when they join a new VC firm. Over time, the gap … significant impact on investment policy …

approach on evaluating the budget slack of company's business units by leveraging their operation efficiency and transfer value …

orientation, this paper examines whether, and if so, how stakeholder orientation affects labor investment efficiency. Following … constituency statutes adoption, we find firms experience increased labor investment efficiency, with more pronounced effects in … analyses reveal that elevated stakeholder orientation increases labor investment efficiency more when firms have a board with …

This study examines whether parity codetermination at German supervisory boards improves labor investment efficiency at … turn, ought to increase a firm's labor investment efficiency. Labor investment proxies for deviations from a firm's optimal …). We measure labor investment efficiency using such a net hiring optimum for a sample of German listed firms between 1995 …

and boards may impact investment efficiency, information quality, project profits, and management rents in a non …-related information. This exacerbates pre-existing agency frictions and may lead to investment inefficiencies. To counteract this … expense of residual inefficiency. Our findings thus highlight that shareholders' tolerance for investment inefficiencies may …

We examine whether the variation in the individualism-collectivism dimension within the U.S. affects labor investment … efficiency. Using the collectivism index developed by existing literature, we find that firms headquartered in collectivist … tightness are associated with more labor investment inefficiency. Overall, we find convincing evidence that cultural differences …