CORPORATE CONFLICTS COORDINATION

Payout policy, agency conflicts, and corporate governance

We examine the effect of corporate governance on the use of dividends and repurchases, composition of payout, and inclusion of a pre-commitment feature in the payout policy. We find that dividend payout is decreasing in governance quality. Corporate governance has a mixed effect on repurchases: good external governance prompts managers to repurchase more and to use repurchases as the only form ...

Leadership, Coordination and Corporate Culture∗

What is the role of leaders in large organizations? We propose a model in which a leader helps to overcome a misalignment of followers’ incentives that inhibits coordination, while adapting the organization to a changing environment. Good leadership requires vision and special personality traits such as conviction or resoluteness to enhance the credibility of mission statements and to effective...

Conflicts of Interest Corporate Governance and Financial Markets

Corporate funding and conflicts of interest: a primer for psychologists.

A presidential task force on external funding was established by the American Psychological Association (APA) in 2003 to review APA policies, procedures, and practices regarding the acceptance of funding and support from private corporations for educational and training programs; continuing education offerings; research projects; publications; advertising; scientific and professional meetings a...

LTE-Advanced Self-Organising Network Conflicts and Coordination Algorithms

Self-Organising Network (SON) functions have been introduced in the Long Term Evolution (LTE) and LTE-Advanced standards by the Third Generation Partnership Project (3GPP) as an excellent solution that promises enormous improvements in the network performance. However, the most challenging issue in implementing SON functions in reality is the identification of the best possible interactions amo...