منابع مشابه
Information, incentives and multinational firms
Theoretical approaches to information and incentive problems in analyzing multinational firms’ behavior remain under-examined. I present a model that explains a multinational firm’s choice of organizational form of its intermediate goods production in the south, which includes FDI and outsourcing. In the case of outsourcing in the south, the multinational firm is faced with an adverse selection...
متن کاملIncentives Between Firms (and Within)
This paper reviews the significant progress in “agency theory” (i.e., the economic theory of incentives) during the 1990s, with a special focus on applications to supply transactions. I emphasize six recent models, in three pairs: (1) new foundations for the theory of incentive contracts, (2) new directions in incentive theory, and (3) new applications to supply transactions. By reviewing these...
متن کاملSocial norms and economic incentives in firms
This paper studies the interplay between economic incentives and social norms in firms. Our main focus is on “efficiency norms,” that is, norms that arise from workers’ desire for, or peer pressure towards, social efficiency for the workers as a group. In a simple model of team production and linear contracts we examine the possibility of multiple equilibria, and whether too strong economic inc...
متن کاملIncentives and Governance in Entrepreneurial Firms*
This paper analyzes corporate governance decisions at firms making initial public offerings (IPOs) of common stock between 1996 and 1999. Our objective is to examine relationships between firms corporate governance practices and the quality and availability of accountingand market-based measures of firm performance. We collect a sample of 464 companies from the manufacturing, internet, and tec...
متن کاملIncentives in Markets, Firms, and Governments
We construct a simple career concerns model where high-powered incentives can distort the composition of effort by inducing excessive signaling. We show that in the presence of this type of career concerns, markets typically fail to limit competitive pressures and cannot commit to the desirable low-powered incentives. Firmsmay be able to weaken incentives and improve efficiency by obscuring inf...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1561903