Similar Search Results

Performance Pay, CEO Dismissal, and the Dual Role of Takeovers

Burkart, Mike; Raff, Konrad - C.E.P.R. Discussion Papers - 2012

managers. This allows firms to reduce performance-based compensation and can rationalize loss-making acquisitions. At the same …

Persistent link: https://www.econbiz.de/10011083799

What is the cost of retaining and attracting exceptional talents? Evidence from the Canada Research Chair program

Courty, Pascal; Sim, John - C.E.P.R. Discussion Papers - 2012

The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on … retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC … grants have been passed through to professors as compensation increases. This is despite the fact that universities report …

Persistent link: https://www.econbiz.de/10011084552

Competition of Politicians for Wages and Office

Gersbach, Hans - C.E.P.R. Discussion Papers - 2004

We examine a model in which two politicians compete for office and for wages. Their remunerations are either set by the public or are offered competitively by the candidates during campaigns. Our main finding shows that competitive wage offers by candidates lead to lower social welfare than...

Persistent link: https://www.econbiz.de/10005661439

Asymmetric Regionalism in Sub-Saharan Africa: Where Do We Stand?

Cadot, Olivier; de Melo, Jaime; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 1999

The paper reviews the likely economic effects of the Regional Economic Partnership Agreements (REPAs) proposed by the EU to the ACP countries to succeed to the Lomé IV agreements. We argue that, in spite of some likely positive effects because of reciprocity and because of the North-South...

Persistent link: https://www.econbiz.de/10005666928

A Study of Inefficient Going Concerns in Bankruptcy

Franks, Julian R; Lóránth, Gyöngyi - C.E.P.R. Discussion Papers - 2005

results arise because of poor court oversight and the compensation scheme awarded to the court appointed trustee managing the …

Persistent link: https://www.econbiz.de/10005667106

Internal Reporting Systems, Compensation Contracts and Bank Regulation

Lóránth, Gyöngyi; Morrison, Alan - C.E.P.R. Discussion Papers - 2009

We examine the interdependency between loan officer compensation contracts and commercial bank internal reporting … in our set-up. We examine the likely effect of the new Basel Accord upon IRS choice, loan officer compensation, and bank …

Persistent link: https://www.econbiz.de/10005791870

Peculiarities of Retaliation in WTO Dispute Settlement

Anderson, Kym - C.E.P.R. Discussion Papers - 2002

Paper looks at why compensation is not preferred to retaliation and then examines five economic features of the temporary …

Persistent link: https://www.econbiz.de/10005791897

Securitization and Compensation in Financial Institutions

Inderst, Roman; Pfeil, Sebastian - C.E.P.R. Discussion Papers - 2010

We analyze the interaction between financial institutions' internal compensation policy, the quality of loans, and … incentives more commensurate with the longer-term risk of their transactions. While mandatory deferred compensation can improve … compensation can complement a policy that requires financial institutions to retain a minimum exposure to their originated loans …

Persistent link: https://www.econbiz.de/10008692310

Ten Years of Mrs. T.

Bean, Charles R; Symons, James - C.E.P.R. Discussion Papers - 1989

We argue that the 1970s were characterized by attempts to maintain a cooperative, low unemployment equilibrium in the face of considerable union power, through use of incomes policies and neo-corporatist machinery. The 1980s saw a shift away from this, towards direct measures to limit union...

Persistent link: https://www.econbiz.de/10005504742

Real Origins of the Great Depression: Monopolistic Competition, Union Power, and the American Business Cycle in the 1920s

Ebell, Monique; Ritschl, Albrecht - C.E.P.R. Discussion Papers - 2007

Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and the roaring 1920s boom, as well as the slide into the Great Depression after...

Persistent link: https://www.econbiz.de/10005497733