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Personnel economics has put forward conflicting arguments concerning the impact of increased wage dispersion within a firm on the productivity of its workers. Besides giving more incentives, bigger wage differentials might also give rise to less cooperation and more politicking amongst workers resulting in worse outcomes. We try to shed light on these issues using panel data for Austrian firms....
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Tosi and Gomez-Mejia, (1989) suggest that the challenge of corporate governance is to set up supervisory and incentive alignment mechanisms that alter the risk and effort orientation of agents to align them with the interests of principals. Therefore, the objective of this study is to determine the efficiency of monitoring and incentive contracts given certain characteristics of the firm. That ...
متن کاملFirm-to-Firm Relationships and Price Rigidity
Economists have long suspected that firm-to-firm relationships might increase price rigidity due to the use of explicit or implicit fixed-price contracts. Using confidential, transaction-level import data from the U.S. Census, I study the pass-through of exchange rate changes and show that prices are in fact substantially more responsive to cost shocks in older versus newly formed relationships...
متن کاملNew-Firm Survival: Industry versus Firm Effects
Recent studies show that the likelihood of survival differs significantly across firms. Both firm and industry characteristics are hypothesized to account for this heterogenity. Using a longitudinal database of manufacturing firms we investigate whether firm or industry characteristics dominate. Our evidence suggests that both firmand industryspecific characteristics shape new-firm survival dur...
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ژورنال
عنوان ژورنال: Nature
سال: 2018
ISSN: 0028-0836,1476-4687
DOI: 10.1038/d41586-018-07211-5