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Relative performance evaluation in a multi-plant firm

Luporini, Annalisa (contributor) - 2005

We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...

Persistent link: https://www.econbiz.de/10002738411

Relative performance evaluation in a multi-plant firm

Luporini, Annalisa - 2005

Persistent link: https://www.econbiz.de/10002754778

Relative performance evaluation in a multi-plant firm

Luporini, Annalisa - In: Economic theory : official journal of the Society for … 28 (2006) 1, pp. 235-243

Persistent link: https://www.econbiz.de/10003315324

Relative Performance Evaluation in a Multi-Plant Firm

Luporini, Annalisa - 2021

Persistent link: https://www.econbiz.de/10013318699

Corporate diversification and the cost of capital

Hann, Rebecca N.; Ogneva, Maria; Ozbas, Oguzhan - 2011

We examine whether organizational form matters for a firm's cost of capital. Contrary to conventional view, we argue that coinsurance among a firm's business units can reduce systematic risk through the avoidance of countercyclical deadweight costs. We find that diversified firms have on average...

Persistent link: https://www.econbiz.de/10009506607

Optimal CEO compensation with search : theory and empirical evidence

Cao, Melanie; Wang, Rong - In: The journal of finance : the journal of the American … 68 (2013) 5, pp. 2001-2058

Persistent link: https://www.econbiz.de/10010204831

The Effect of Manager-Specific Optimism on the Tone of Earnings Conference Calls

Davis, Angela K. - 2014

The use of more or less optimistic language in corporate disclosures has been the subject of increased interest in the academic literature. We add to this stream of research by examining the manager-specific component in the tone of earnings-announcement related conference calls. We find that...

Persistent link: https://www.econbiz.de/10013066884

The Sub-Optimal Effect of the Simplex Solution Method in Resource Allocation Using the Linear Programming Model

Enyi, Enyi Patrick - 2012

It is evident that linear programming model remains the most potent mathematical tool for the efficient allocation of scarce operational resources of an organization. Whilst projecting the graphical method as the easiest solution approach to linear programming where only two constraining factors...

Persistent link: https://www.econbiz.de/10013103795

Truncating Optimism

Kaplan, Zachary - 2019

examines managers' role in these removals. We show optimistic forecasts are removed more often than pessimistic forecasts … is more pronounced when it allows managers to meet or beat the consensus, when managers have greater ability to influence … improve firms' ability to meet or beat the consensus earnings. Our findings strongly suggest that managers influence I …

Persistent link: https://www.econbiz.de/10012898780

Program Ratio Bias

Carniol, Michael P; Lee, Kyungha - 2022

A not-for-profit organization's reported ratio of expenditures on program services to total expenditures is a key performance metric for many donors, which may lead the manager of a not-for-profit organization to manipulate this ratio. This paper presents a theoretical model to examine when and...

Persistent link: https://www.econbiz.de/10013293625