- Public Governance🔍
- Incentives in Markets🔍
- Corporate Governance🔍
- The Causal Mechanisms of Horizontal Shareholding🔍
- Management practices across firms and countries🔍
- Corporate Governance in State|Owned and Privately|Owned ...🔍
- Employee ownership and corporate investment efficiency in Europe🔍
- Listing State|owned Enterprises in Emerging and Developing ...🔍
Commonly|owned firms have weaker managerial incentives
Public Governance, Corporate Governance, and Firm Innovation
The private incentives of board members shape how they monitor firm management ... Do State-Owned Enterprises Have Worse Corporate Governance? An Empirical ...
Incentives in Markets, Firms and Governments∗ - Princeton University
where the costs of weak incentives are outweighed by their benefits. Governments may specialize in areas where they have a comparative advantage while also ...
Corporate Governance, Product Market Competition, and Equity Prices
ECONOMISTS OFTEN ARGUE THAT managers of firms in competitive industries have strong incentives to reduce slack and maximize profits, or else the firm will go ...
The Causal Mechanisms of Horizontal Shareholding
Corporate managers likewise have incentives to favor ... have far weaker incentives to press corporations to increase their individual competitiveness.
Regulation, Incentives and Ownership - CERNA Mines Paris
on managerial incentives in cooperative firms, which suggests managerial compensation is at best weakly tied to performance in such firms.25 Proposition 2 ...
Management practices across firms and countries
Publicly (i.e., government) owned organizations have worse management practices across all sectors we studied. They are particularly weak at incentives; ...
Corporate Governance in State-Owned and Privately-Owned ...
Managers have incentives to gain excess cash flow to increase the resources ... Unlike private firms, the manager faces weaker incentives, since there are high ...
Employee ownership and corporate investment efficiency in Europe
... firms with a low percentage of female executives (i.e., firms that are likely to have weaker monitoring of management). Table 8 Employee ...
Listing State-owned Enterprises in Emerging and Developing ...
agency costs and provides the right incentives for managers to improve a firm's ... Therefore, we conclude that listing alone seems to have only a weak impact on ...
Why Do Managers Diversify Their Firms? Agency Reconsidered
and managerial incentives is weaker for firms that experience changes ... performance and incentives has considered incentives from stock ownership only.
Are Executive Perquisites Managerial Excess or Compensation for ...
(2009) find evidence that in opaque environments founder/founding family firms have incentives to extract resources for their private benefit. Chen et al. (2012) ...
Innovation and Institutional Ownership - MIT Sloan
An S&P 500 firm is more likely to be owned by institutions for several reasons. Managers of nonindexed funds are typically benchmarked against the S&P 500, so ...
Employee Stock Ownership Plans and Corporate Environmental ...
... managerial incentives on corporate environmental performance. However ... Why Do Firms Use Incentives That Have No Incentive Effects? J ...
SSRN Id2802332 | PDF | Profit (Economics) | Market (Economics)
Therefore they have optimally weaker managerial incentives that lead to higher costs, and thus higher prices than less commonly-owned “maverick” firms.
Executive equity incentives, employee stock ownership plans, and ...
3) The equity incentive of state-owned listed companies cannot significantly improve enterprise performance when the environmental uncertainty is high. 4) High- ...
Monitoring the Governance of State-Owned Enterprises - Publications
Government officials also tend to have weak incentives to monitor the performance of SOEs and their executives, and they might instead use SOEs as vehicles ...
Large Firms, Common Ownership, and Incentives to Decarbonize ...
in the US owned more by large institutional ... firms, whereas investments ∆ have the potential to affect other firms' decisions through.
State-Owned Enterprise in China: Reform, Performance, and ...
This incentive has been enabled, in turn, by the decentralization of governance power to SOE managers, itself an important reform policy. Hence, ...
Government Share Ownership and Innovation - Università Bocconi
8 Of the government-owned firms, 57 have an average ... invest capital in risky activities – the “weak managerial incentives” hypothesis.
... firm have a strong incentive to engage with management and (ii) for what types of firms are institutional incentives the strongest. To get at these issues ...