Firm Specific Investments Based on Trust and Hiring Competition: A Theoretical and Experimental Study of Firm Loyalty

This paper shows, that after observing the investment decisions by firm owners their employees can engage in costly training, thus increasing their general and firm-specific productivity, which also depends on capital endowment...

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Year of publication:	2003-12-01
Authors:	Berninghaus, Siegfried ; González, Luis G. ; Güth, Werner
Publisher:	Max-Planck-Institut für Ökonomik <Jena> / Abteilung Strategische Interaktion
Subject:	Humankapital \| Hold-up-Effekt \| Hold-up-Effect \| Vertrauen \| trust \| Reziprozität

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Extent:	504832 bytes 27 p. application/pdf
Series:	Max-Planck-Institut für Ökonomik - Abteilung für Strategische Interaktion - Discussion Papers on Strategic Interaction Discussion Papers on Strategic Interaction ; 31 (2003)
Type of publication:	Book / Working Paper
Language:	English
Classification:	Corporate finance and investment policy. General ; Personnel management, Personnel planning and Personnel development ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005845177