منابع مشابه
Colin Mayer : Firm Commitment
In his latest book “Firm Commitment” Colin Mayer argues that current-shareholder value orientation leads to the exploitation of both current as well as future stakeholder groups. Drawing on research conducted throughout his entire career, Mayer asserts that market processes distort resources operating to the exploitation of stakeholders to those who have the most opportunity to use them—current...
متن کاملLaval " Measuring Ratchet Effects within a Firm : Evidence from a Field Experiment varying Contractual Commitment
We present results from a field experiment designed to measure the importance of managerial commitment to a contract within a firm that pays its workers piece rates. In the tree planting industry the piece rate paid to workers is determined as a function of the difficulty of the terrain to be planted. During the experiment, firm managers told a crew of tree planters that the piece rate had yet ...
متن کاملPromotion without Commitment: Signaling, Time Inconsistency and Decentralization of the Firm
This paper explores the consequences and implications of the “dual role of promotion” in an environment where a firm must simultaneously achieve two distinct goals – assignment and incentive provision – via the strategic use of promotions. We argue that the efficient promotion rule is generally not implementable, as it necessarily entails timeinconsistent objectives: the firm is always tempted ...
متن کاملImpact of Perceived Organizational Justice on Organizational Commitment of a Food and Beverage Firm in Nigeria
This research examined the role of organizational justice on organizational commitment in Nestle Nigeria PLC Agbara, Lagos State Nigeria. The objectives of the study were to ascertain the significant difference between procedural justice and perceived organizational commitment, and also to examine the significant relationship between distributive justice and perceived organizational commitment....
متن کاملMeasuring Ratchet Effects within a Firm: Evidence from a Field Experiment Varying Contractual Commitment
We present results from a field experiment designed to measure the importance of managerial commitment to a contract within a firm that pays its workers piece rates. In the tree planting industry the piece rate paid to workers is determined as a function of the difficulty of the terrain to be planted. During the experiment, workers began planting a terrain at a trial piece rate, but were told t...
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ژورنال
عنوان ژورنال: CFA Institute Magazine
سال: 2017
ISSN: 1543-1398
DOI: 10.2469/cfm.v28.n1.14