Showing 1 - 10 of 311
Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and statusseeking by workers and by consumers can make small initial differences generate large differences over time.
Persistent link: https://www.econbiz.de/10011449539
performing relative to their benchmarks. In this paper we investigate experimentally how teams respond to relative performance … feedback (RPF) at team level. We find that when subjects work under team incentives, then RPF on team performance increases the … teams' average performance by almost 10 percent. The treatment effect is driven by higher top performance, as this is almost …
Persistent link: https://www.econbiz.de/10011793858
This paper reports results of two controlled experiments on the behavioural effects of relative performance information …-select. In fact, we demonstrate that RPI especially induces employees with a relatively low performance to voluntarily choose the …
Persistent link: https://www.econbiz.de/10013368608
innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type …We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …
Persistent link: https://www.econbiz.de/10003985881
A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...
Persistent link: https://www.econbiz.de/10003749485
innovative these firms actually are. This paper investigates firm failure, funding success, and innovation capacity using a hand …
Persistent link: https://www.econbiz.de/10015051740
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …
Persistent link: https://www.econbiz.de/10009752997
. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance … is a major reason for these scandals. They cannot be overcome by improving variable pay for performance, as selfish …
Persistent link: https://www.econbiz.de/10002572375
This paper analyzes to what extent gender culture affects gender gap in employment. Drawing on Italian data, we measure culture by building two indices: one based on individual attitudes, as done in the existing literature; one based on firms' attitudes. Firms' beliefs, which express their set of...
Persistent link: https://www.econbiz.de/10003872263
This paper explores intergenerational transmission of culture and the consequences of a plausible assumption: that people care not only for their children's culture but also for how their grand-children are raised. This departs from the previous literature which, without exception, assumes...
Persistent link: https://www.econbiz.de/10011973892