Nonprofit organizations provide an array of important social goods and services including arts, education and health care. Consequently, the nonprofit sector is a growing area of interest for management and strategy scholars. Existing theories of nonprofit organizations posit a menu of...

We formulate a model of sequential decision-making, dubbed the Goal Prediction game, to study the extent to which an overseeing adversary can predict the final goal of an agent who tries to reach that goal quickly, through a sequence of intermediate actions. Our formulation is motivated by the...

We construct a measure of corporate purpose within a sample of US companies based on approximately 500,000 survey responses of worker perceptions about their employers. We find that this measure of purpose is not related to financial performance. However, high purpose firms come in two forms:...

Einer aktuellen Studie von UN Global Compact und Accenture (2016) zufolge sind für etwa 50 Prozent aller Unternehmenschefs Unternehmen die wichtigsten Akteure, um die Nachhaltigkeitsziele der UN zu erreichen. Denn Innovationskraft und Kreativität sind genauso gefragt wie mehr Effizienz und...

We study goal setting using a randomized field experiment involving 1092 first-year undergraduate students. Students have private mentor-student meetings during the year. We instructed a random subset of mentors to encourage students to set a course-specific grade goal during one of the...

We study a principal-agent framework in which principals can assign wage-irrelevant goals to agents. We find evidence that, when given the possibility to set wage-irrelevant goals, principals select incentive contracts for which pay is less responsive to agents' performance. Agents' performance...