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We posit that the value of a manager's human capital depends on the firm's business strategy. The resulting interaction between business strategy and managerial incentives affects the organization of business activities, both the internal organization of the firm and the determination of firm...
Persistent link: https://www.econbiz.de/10014078087
equilibrium behavior. More importantly, we show that managers can strategically appoint independent outside directors to influence …) managers may not always appoint the least (most) able directors to the board. We also examine whether CEOs would prefer a …
Persistent link: https://www.econbiz.de/10013212622
rubberstamping managers' actions and deferring to other directors on the board without the benefit of information -- can in fact be ….e., from fewer directors) some of the time. We show that opportunistic (principled) managers may not always appoint the least …
Persistent link: https://www.econbiz.de/10012936068
We posit that the value of a manager's human capital depends on the firm's business strategy. The resulting interaction between business strategy and managerial incentives affects the organization of business activities. We illustrate the impact of this interaction on firm boundaries in a...
Persistent link: https://www.econbiz.de/10014069126
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Insights on China's economic cooperation with foreign countries -- Science & Technology -- New Infrastructures for the … role in the Chinese economy. This role is one that is set to continue in the post-pandemic era as China works to transit to … strategies so that everyone can “make the most” of China’s future. This collection of essay aims to share these invaluable …
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