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The corporate governance debate has focused recently on executive compensation. While defenders of the status quo assert that CEO compensation - and corporate governance generally - is efficient, critics contend that boards have been captured by powerful CEOs who demand excessive pay...
Persistent link: https://www.econbiz.de/10014055874
We introduce political tournaments “participation/inclusion” games. Dominant strategies determine whether players choose to compete by enhancing economic performance. Unique Nash equilibria competitors win (only) inclusion as promotion candidates. We find empirical justification for such...
Persistent link: https://www.econbiz.de/10012855692
It is difficult to test the prediction that future career prospects create implicit effort incentives because …. We test whether the career prospect of being selected to a Euro Cup national team affects players' pre-Cup performances … prospect has positive effects on the performances of players with intermediate chances of being selected to their national team …
Persistent link: https://www.econbiz.de/10010442390
Persistent link: https://www.econbiz.de/10011502533
It is difficult to test the prediction that future career prospects create implicit effort incentives because …. We test whether the career prospect of being selected to a Euro Cup national team affects players' pre-Cup performances … prospect has positive effects on the performances of players with intermediate chances of being selected to their national team …
Persistent link: https://www.econbiz.de/10011808006
Economic and social situations where groups have to compete are ubiquitous. Such group contests create both a coordination problem within and between groups. Introducing leaders may help to mitigate these coordination problems. However, little is known about the effect of leadership in group...
Persistent link: https://www.econbiz.de/10015190589
Economic and social situations where groups have to compete are ubiquitous. Such group contests create both a coordination problem within and between groups. Introducing leaders may help to mitigate these coordination problems. However, little is known about the effect of leadership in group...
Persistent link: https://www.econbiz.de/10015191764
Separated powers cannot permanently constrain individual ambitions. Concerns about a government's ability to respond to contemporary and future crises, we show, invariably compromise the principled commitments one branch of government has in limiting the authority of another. We study a dynamic...
Persistent link: https://www.econbiz.de/10012848108
This study is among the first to uncover specific concepts and skills critical to the general corporate real estate executive. The research targeted a broad range of U.S. and international corporate real estate executives in positions to know the requirements for their assignment. The results...
Persistent link: https://www.econbiz.de/10014053649
A revised version of this paper, titled "Board bias, information, and investment efficiency," is available here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3965147A CEO who is an empire-builder reports information about an investment opportunity ("project"). Before approving or...
Persistent link: https://www.econbiz.de/10013313487