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Results 1 - 10
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1,436
Disentangling the Incentive and Entrenchment Effects of Large Shareholdings
- Journal of Finance
, 2002
"... This article disentangles the incentive and entrenchment effects of large owner-ship. Using data for 1,301 publicly traded corporations in eight East Asian econ-omies, we find that firm value increases with the cash-f low ownership of the largest shareholder, consistent with a positive incentive eff ..."
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Cited by 379 (11 self)
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This article disentangles the incentive and entrenchment effects of large owner-ship. Using data for 1,301 publicly traded corporations in eight East Asian econ-omies, we find that firm value increases with the cash-f low ownership of the largest shareholder, consistent with a positive incentive
Managers as Administrators: Reputation and Incentives
"... Abstract In many …rms managers play the role of administrators: they add value by successfully implementing solutions to problems that the …rm may face. We model the career concerns of administrators. When administrators receive the same information but di¤er in their administrative abilities, we s ..."
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their administrative ability. We thus identify a novel source of incentive con ‡icts in …rms. We also examine the robustness of these results to various extensions. JEL: D82, C72
Administrative procedures as instruments of political control
- Journal of Law, Economics, and Organization
, 1987
"... A central problem of representative democracy is how to ensure that policy decisions are responsive to the interests or preferences of citizens. The U.S. Constitution deals with the electoral side of this problem by con-structing institutional safeguards and incentive structures designed to make ele ..."
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Cited by 295 (8 self)
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A central problem of representative democracy is how to ensure that policy decisions are responsive to the interests or preferences of citizens. The U.S. Constitution deals with the electoral side of this problem by con-structing institutional safeguards and incentive structures designed to make
ªThe Breakup of Nations: A Political Economy Analysis,º ECARE Discussion paper
, 1994
"... This paper develops a model of the breakup or uni®cation of nations. In each nation the decision to separate is taken by majority voting. A basic trade-off be-tween the ef®ciency gains of uni®cation and the costs in terms of loss of control on political decisions is highlighted. The model emphasizes ..."
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Cited by 224 (0 self)
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emphasizes political con¯icts over redistribution policies. The main results of the paper are i) when income distribu-tions vary across regions and the ef®ciency gains from uni®cation are small, sepa-ration occurs in equilibrium; and ii) when all factors of production are perfectly mobile, all incentives
Con‡icts of Interest and Reputational Cheap Talk
"... We develop a model to analyze the impact of con‡icts of interest on the incentives of experts to reveal their information to receivers. We show that reputational concerns lead experts to adopt conservative behaviour by conforming to public information and disregarding their own. In particular, initi ..."
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We develop a model to analyze the impact of con‡icts of interest on the incentives of experts to reveal their information to receivers. We show that reputational concerns lead experts to adopt conservative behaviour by conforming to public information and disregarding their own. In particular
Incentives in bittorrent induce free riding
- In P2PECON ’05: Proceedings of the 2005 ACM SIGCOMM workshop on Economics of peer-topeer systems
, 2005
"... We investigate the incentive mechanism of BitTorrent, which is a peer-to-peer le distribution system. As downloaders in BitTorrent are faced with the con
ict between the eager-ness to download and the unwillingness to upload, we re-late this problem to the iterated prisoner's dilemma, which sug ..."
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Cited by 79 (2 self)
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We investigate the incentive mechanism of BitTorrent, which is a peer-to-peer le distribution system. As downloaders in BitTorrent are faced with the con
ict between the eager-ness to download and the unwillingness to upload, we re-late this problem to the iterated prisoner's dilemma, which
When Does Adaptation Require Decentralization?
, 2012
"... We examine the relationship between the organization of a …rm and its ability to adapt to changes in the environment. We show that even if lower-level managers have superior information about their local conditions, and incentive con‡icts are negligible, a centralized organization can be better at a ..."
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We examine the relationship between the organization of a …rm and its ability to adapt to changes in the environment. We show that even if lower-level managers have superior information about their local conditions, and incentive con‡icts are negligible, a centralized organization can be better
Generating Statechart Designs From Scenarios
, 2000
"... This paper presents an algorithm for automatically generating UML statecharts from a collection of UML sequence diagrams. Computer support for this transition between requirements and design is important for a successful application of UML's highly iterative, distributed software development pr ..."
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Cited by 202 (12 self)
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process. There are three main issues whichmust be addressed when generating statecharts from sequence diagrams. Firstly, con#icts arising from the merging of independently developed sequence diagrams must be detected and resolved. Secondly, di#erent sequence diagrams often contain identical or similar
Firm-Wide Incentives and Mutual Monitoring at Continental Airlines
- Journal of Labor Economics
, 2001
"... scheme that promised monthly bonuses to all 35,000 hourly em-ployees if the company achieved a firm-wide performance goal. Con-ventional wisdom suggests that free riding will render such schemes ineffective. We present evidence indicating that the incentive scheme raised employee performance despite ..."
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Cited by 138 (0 self)
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scheme that promised monthly bonuses to all 35,000 hourly em-ployees if the company achieved a firm-wide performance goal. Con-ventional wisdom suggests that free riding will render such schemes ineffective. We present evidence indicating that the incentive scheme raised employee performance
Decentralization of Governance and Development
- Journal of Economic Perspectives
, 2002
"... A ll around the world in matters of governance, decentralization is the rage.Even apart from the widely debated issues of subsidiarity and devolution inthe European Union and states ’ rights in the United States, decentraliza-tion has been at the center stage of policy experiments in the last two de ..."
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Cited by 208 (3 self)
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public services (like electricity and water supply) relatively ef ciently in smaller market areas, and the lower levels of government have now a greater ability to handle certain tasks. In a world of rampant ethnic con icts and separatist movements, decentralization is also regarded as a way
Results 1 - 10
of
1,436
