Managerial Decisions, Internal Organization Structure, And Agency Considerations

Managerial Overconfidence , Agency Problems , Financing Decisions and Firm Performance

Managerial Flexibility, Agency Costs and Optimal Capital Structure

This paper investigates the effect of managerial flexibility on the choice of capital structure for a firm and the corresponding valuation of its long term debt. We consider a general model in continuous time where the manager (who is not a shareholder) of a firm with long term debt in place may dynamically switch strategies at random times so as to maximize his expected discounted compensation...

Structure, Agency and the Internal Conversation

Gender, Competition, and Managerial Decisions

Recent research has found drastic differences across gender in how performance and preferences are affected by competition. In light of these, this study addresses how gender affects the use of competitive compensation. When given information about worker ability, male managers, but not female managers, are reluctant to choose the tournament for a female worker. The data also show that even tho...

How Risk Considerations Can Affect Inter-organization Relationship Decisions

The new trends in inter-organization relationships push towards network solutions: companies are interested in relationships with partners and customers to overcome resource dependence, enter too risky market or simply differentiate their business portfolio. The present study focuses on network organization aiming at highlighting threats and opportunities to investigate the double nature of the...