We empirically explore the relevance of risk taking behavior in tournaments. We make use of data from the NBA season 2007/2008 and measure risk taking by the fraction of three-point shots. Current heterogeneity of teams is taken into account by intermediate results. It turns out that indeed...

The aim of the paper is to determine how much intangible motives are involved in nursing satisfaction. The research population consisted of nurses with secondary and university degrees in the field of multiple health centers in the central part of Croatia. Random selection based on data...

Using a simple symmetric principal-agent model of two banks, this paper studies the effects of both bailouts and bonus taxes on risk taking and managerial compensation. In contrast to existing literature, we assume financial institutions to be systemic only on a collective basis, implying...

The paper reviews emerging aspects of leadership in business organizations under the conditions of the Covid-19 pandemic as identified two levels of its realization – on an organizational one and individual one, cultural approach to leadership, pursuing leadership through human resources and...

The aim of this paper is to explore the impact of organizational culture on the process of organizational learning and knowledge management. This goal has been achieved through reviewing the relevant literature and synthesizing the conclusions found in it. The review of the researches has shown...

In the wake of the 'new governance' school of thought, the EU has increasingly relied on soft law instruments that include a large number of (non-political) stakeholders into the policy process. Codes of conduct are such instruments. They have traditionally been used in EU law in a wide but...

It's puzzling that most projects fail to complete within the predetermined timeframe given that timing considerations rank among the major goals in project management. We argue that when managers can extract private benefits from working on a project, project delay becomes optimal. We introduce...

This paper investigates whether the timing of rewards affects behavior in multi-stage contests. Abstracting from discounting, theory predicts that it is irrelevant for behavior whether agents are immediately rewarded for succeeding on a particular stage, or whether the reward is delayed until...

Incentives for managers are often provided by offering them performance-based compensation schemes. The efficiency of such monetary compensations, however, depends on several factors, among them the quality of the employed performance measures, the information available for contracting purposes,...

Should principals explain and justify their evaluations? Suppose the principal s evaluation is private information, but she can provide justification by sending a costly unverifiable message. If she does not provide justification, her message space is restricted, but the message is costless. I...