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Seniority rules, worker mobility and wages : evidence from multi-country linked employer-employee data

Böckerman, Petri; Skedinger, Per; Uusitalo, Roope - 2016

We construct a multi-country employer-employee data to examine the consequences of employment protection. We identify the effects by comparing worker exit rates between units of the same firm that operate in two countries that have different seniority rules. The results show that...

Persistent link: https://www.econbiz.de/10011420652

Political power, resistance to technological change and economic development : evidence from the 19th century Sweden

Tyrefors, Björn; Lindgren, Erik; Pettersson-Lidbom, Per - 2017 - This version: June 16, 2017

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

Persistent link: https://www.econbiz.de/10011667675

The effect of employment protection on labor productivity

Bjuggren, Carl Magnus - 2015

The theoretical predictions of how employment protection affects firm productivity are ambiguous. In this paper I study the effect of employment protection rules on labor productivity using micro data on Swedish firms. A reform of the employment protection rules in 2001 made it possible for...

Persistent link: https://www.econbiz.de/10010494785

Pay schemes, bargaining, and competition for talent

Lindbeck, Assar; Weibull, Jörgen W. - 2015

The paper provides a framework for analysis of remuneration to agents whose task is to make well-informed decisions on behalf of a principal, with managers in large corporations as the most prominent example. The principal and agent initially bargain over the pay scheme to the latter. The...

Persistent link: https://www.econbiz.de/10011430678

Investment, rational inattention, and delegation

Lindbeck, Assar; Weibull, Jörgen W. - 2017

Persistent link: https://www.econbiz.de/10011657490

The influence of institutionally embedded ownership on Anglo-American corporate governance migration into emerging economy IPO firms

Hearn, Bruce; Oxelheim, Lars; Randøy, Trond - 2017

We argue that the corporate governance of emerging economy IPO firms is influenced by firm-specific institutionally …' degree of adoption of Anglo-American corporate governance measures. We find that the influence from the various block owner … uniform corporate governance model. …

Persistent link: https://www.econbiz.de/10011754230

The role of institutions in the migration of corporate governance practice into emerging economies : the case of Africa

Hearn, Bruce; Oxelheim, Lars; Randøy, Trond - 2016

This study examines the role of the institutional environment in influencing the migration of corporate governance best … from an Anglo-American shareholder value governance framework and indigenous formal institutions adhering to English common …

Persistent link: https://www.econbiz.de/10011496878

The impact of business group affiliation and country-level institutions on corporate governance of emerging market firms

Hearn, Bruce; Oxelheim, Lars; Randøy, Trond - 2020

This study outlines how the corporate governance of emerging market firms is influenced by corporate affiliation and … to adopt shareholder value-enhancing corporate governance and that this relationship is moderated by institutional … significant negative relationship between business group ownership and IPO firms' quality of corporate governance. We also find …

Persistent link: https://www.econbiz.de/10012292430

Collaborative innovation blocs and antifragility

Elert, Niklas; Henrekson, Magnus - 2019

We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which activity takes place over time. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive,...

Persistent link: https://www.econbiz.de/10012133117

The collaborative innovation bloc : a reply to our commentators

Elert, Niklas; Henrekson, Magnus - 2019

We are grateful for the comments to our article, and for the opportunity to respond to them. In our original contribution, we argued that the application of the EOE perspective could help make Austrian economics more concrete, relevant and persuasive, especially regarding policy prescriptions....

Persistent link: https://www.econbiz.de/10012021764