We present a formal model of how the size of a firm’s administrative staff depends on the environment in which it operates. We consider a monopolist that introduces a new product in the face of market uncertainty. In a model that incorporates an informationprocessing view of the managerial hierarchies into a product choice problem, we relate optimal size of organizations to the speed of change ...

According to the widely used Managerial Power Model, a higher hierarchical position with associated higher power leads to higher compensation. In contrast, the Compensating Wage Differentials Model argues that there is a non-positive relationship between positional power and total compensation. Both power and income yield utility and in equilibrium managers are prepared to trade-off the two ele...

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Managerial opportunism is commonly considered as destructive for the parties involved in an agency relationship. Using a formulation close to Jensen and Meckling’s equity model, we consider an agency relationship between a manager and an investor. The latter is assumed to benefit from a market power in terms of external funding opportunities. For high values of the prevailing rate of interest, ...

As one of the important ways to achieve sustainable economic development, enterprise green innovation will also have an impact on future development enterprises. Through analysis, it is found that can realize However, has characteristics high risk and double externality, so enthusiasm relatively low. decision maker enterprises, management innovation. This paper studies influence Managerial Over...

Construction industry involved very complicated process and extensive linkages to more than hundred of upstream and downstream industries. Therefore, an effective leadership at managerial level of construction organization is needed to well manage and control their subordinates in order to make sure the efficiency and productivity of the construction work. However, both managerial level of the ...

Let's read! We will often find out this sentence everywhere. When still being a kid, mom used to order us to always read, so did the teacher. Some books are fully read in a week and we need the obligation to support reading. What about now? Do you still love reading? Is reading only for you who have obligation? Absolutely not! We here offer you a new book enPDFd trust management third internati...