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Displaying results 1 to 5 of 5.

  1. The effect of random shocks on reciprocal behavior in dynamic principal-agent settings
    Author: Kerschbamer, Rudolf; Oexl, Regine
    Published: [2021]
    Publisher:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    Previous work has shown that unobservable random shocks on output have a detrimental effect on effort provision in short-term ('static') employment relationships. Given the prevalence of long-term ('dynamic') relationships in firms, we investigate... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 395
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    Previous work has shown that unobservable random shocks on output have a detrimental effect on effort provision in short-term ('static') employment relationships. Given the prevalence of long-term ('dynamic') relationships in firms, we investigate whether the impact of shocks is similarly pronounced in gift-exchange relationships where the same principalagent pair interacts repeatedly. In dynamic relationships, shocks have a significantly less pronounced negative effect on the agent's effort provision than in static relationships. In an attempt to identify the drivers for our results we find that the combination of a repeatedgame effect and a noise-canceling effect is required to avoid the detrimental effects of unobservable random shocks on effort provision.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/250149
    Series: Working papers in economics and statistics ; 2021, 27
    Subjects: Gift exchange; principal agent model; incomplete contracts; random shocks; reciprocity; laboratory experiments; long-term contracts
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  2. Multinational firms' organisational dynamics
    competition intensity and the ownership decision under uncertainty
    Author: Navarro, Leandro Gastón
    Published: February 25, 2021
    Publisher:  Verein für Socialpolitik, [Köln]

    I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing... more

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    I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the final goods market, leading to a progressive vertical disintegration of the supply chains. Initially, the firms that decide to explore offshoring potential choose integration. As competition in final good markets intensifies, the least productive ones among them switch sequentially to arm's length trade. In the fully domestic supply chains, the increasing competition promotes a sequential disintegration of the domestic intermediate input suppliers. I test for the predictions of the model using sectorallevel data for the US manufacturing sectors.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/242389
    Series: Jahrestagung 2021 / Verein für Socialpolitik ; 61
    Subjects: Firm theory; multinational firms; incomplete contracts; global sourcing; uncertainty; sequential offshoring; information externalities; learning; competition; outsourcing; forward and backward integration; FDI
    Scope: 1 Online-Ressource (circa 104 Seiten), Illustrationen
  3. Socially responsible investment
    ex-ante contracting or ex-post bargaining
    Author: Adachi-Sato, Meg
    Published: September 28, 2021
    Publisher:  Research Institute for Economics and Business Administration, Kobe University, Kobe, Japan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1634 (2021,20)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Edition: Revised: August 20, 2021
    Series: Discussion paper series / Research Institute for Economics and Business Administration, Kobe University ; DP 2021, 20
    Subjects: social responsible investment; esg; multitask; hold-up; incomplete contracts; social impact bonds; sustainability-linked bonds
    Scope: 42 Seiten, 1 ungezählte Seite, Illustrationen
    Notes:

    "This paper was originally titled "Contract duration and socially responsible investment"" - Fußnote Seite 1

    Erscheint auch als Online-Ausgabe
  4. Contract duration and socially responsible investment
    Author: Adachi-Sato, Meg
    Published: May 11, 2021
    Publisher:  Research Institute for Economics and Business Administration, Kobe University, Kobe, Japan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1634 (2021,14)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Edition: Revised: Feb 18, 2021
    Series: Discussion paper series / Research Institute for Economics and Business Administration, Kobe University ; DP 2021, 14
    Subjects: social responsible investment; esg; multitask; hold-up; incomplete contracts; social impact bonds; sustainability-linked bonds
    Scope: 34 Seiten
    Notes:

    Erscheint auch als Online-Ausgabe
  5. Corporate Social Responsibility along the global value chain
    Author: Herkenhoff, Philipp; Krautheim, Sebastian; Semrau, Finn Ole; Steglich, Frauke
    Published: December 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Firms are under increasing pressure to meet stakeholders’ demand for Corporate Social Responsibility (CSR) along their global value chains. We study the incentives for and investments in CSR at different stages of the production process. We analyze a... more

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    Firms are under increasing pressure to meet stakeholders’ demand for Corporate Social Responsibility (CSR) along their global value chains. We study the incentives for and investments in CSR at different stages of the production process. We analyze a model of sequential production with incomplete contracts where CSR by independent suppliers differentiates the final product in the eyes of caring consumers. The model predicts an increasing CSR profile for suppliers along the value chain: from upstream suppliers with low CSR to downstream suppliers with higher CSR. We confirm this prediction using Indian firm-level data. We compute a firm’s value chain position combining product-level information in our data with the World Input-Output Database. We find that more downstream firms have higher CSR expenditures as measured by a combination of staff welfare spending and social community spending.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/252015
    Series: CESifo working paper ; no. 9498 (2021)
    Subjects: corporate social responsibility; global value chains; incomplete contracts; property rights theory; GVC positioning; India; emerging markets
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen