This paper utilizes the behavioral agency model to investigate why many formerly public companies have been converted to privately held corporations. Using a matched pairs sample and categorical binary regression, and controlling for effects found in previous studies, we explore how the equity ownership of those entrusted to manage firms, the firms’ executives, might affect their perceptions of...

We study the Diamond-Dybvig [3] model as developed in Green and Lin [5] and Peck and Shell [7]. We dispense with the notion of a bank as a coalition of depositors. Instead, our bank is a self-interested agent with a technological advantage in recordkeeping. We examine the implications of the resulting agency problem for the design of bank contracts and the possibility of bank-run equilibria. Fo...

Instant messenger (IM), a communication technology originally used by individuals in their personal lives, has been increasingly adopted and used to facilitate work-related activities. Up to now, empirical research on IM use is still lacking. We conducted a qualitative study collecting interview data from a work group using IM for work purposes. We found that people have formed various patterns...

Structure T. Shiga, S. Konabe, 3 J. Shiomi, 4 T. Yamamoto, S. Maruyama, and S. Okada 3, a) Department of Mechanical Engineering, The University of Tokyo, Bunkyo-ku, Tokyo 113-8656, Japan Graduate School of Pure and Applied Sciences, University of Tsukuba, Tsukuba, Ibaraki 305-8571, Japan Japan Science and Technology Agency, CREST, Chiyoda, Tokyo 102-0075, Japan Japan Science and Technology Agen...