This study provides experimental evidence on the effects of breach of subordinates’ psychological contracts on honesty of communications under participative budgeting. While participative budgeting can improve economic outcomes, it can also establish psychological contracts whereby...

We offer the first direct evidence of an implicit contract in a goods market. The evidence we offer comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a substantial amount of written evidence of its implicit contract with its consumers—a very explicit form of...

Traditional, face-to-face, office environments are gradually being replaced by virtual interaction and remote management. This physical separation can create circumstances in which conventional management approaches may no longer be appropriate. This research develops a model that explains how...

Die Rahmenbedingungen der Gestaltung von Arbeitsverhältnissen haben in den letzten Jahrzehnten einen grundlegenden Wandel erfahren. In Reaktion auf eine Internationalisierung der Märkte setzen Unternehmen auf neue Managementkonzepte und eine stärkere Arbeitsflexibilisierung. Zugleich haben...

We analyze the interaction of explicit and implicit contracts in a model with selfish and fair principals. Fair principals are willing to honor implicit agreements, whereas selfish principals are not. Principals are privately informed about their types. We investigate a separating equilibrium in...