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作者：Woerner, Andrej; Romagnoli, Giorgia; Probst, Birgit M.; Bartmann, Nina; Cloughesy, Jonathan N.; Lindemans, Jan Willem
作者单位：University of Amsterdam; Technical University of Munich; Duke University; University of Southern California
摘要：Traditionally, incentives to promote behavioral change are assigned rather than chosen. In this paper, we theoretically and empirically investigate the alternative approach of letting people choose their own incentives from a menu of increasingly challenging and rewarding options. When individuals are heterogeneous and have private information about their costs and benefits, we theoretically show that leaving them the choice of incentives can improve both adherence and welfare. We test the the...
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作者：Jin, Qinglu; Ma, Hui; Schmid, Thomas; Zhang, Guochang
作者单位：Shanghai University of Finance & Economics; University of Hong Kong
摘要：We examine how parity employee representation (PER) on corporate boards affects firms' capital investments. In Germany, PER is legally mandated for firms with more than 2,000 domestic employees, but not for those below this threshold. Exploiting this discontinuity, we show that PER has heterogeneous effects on firms operating in diverse environments. For firms experiencing positive growth, PER increases their responsiveness to investment opportunities, suggesting that employee participation in...
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作者：Daw, Andrew; Hampshire, Robert C.; Pender, Jamol J.
作者单位：University of Southern California; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan; Cornell University
摘要：In many different settings, requests for service can arrive in near or true simultaneity with one another. This creates batches of arrivals to the underlying queueing system. In this paper, we study the staffing problem for the batch arrival queue. We show that batches place a dangerous and deceptive stress on services, requiring a high amount of resources and exhibiting a fundamentally larger tail in those demands. This uncovers a service regime in which a system with large batch arrivals may...
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作者：Meagher, Kieron J.; Prasad, Suraj; Wait, Andrew
作者单位：Australian National University; University of Sydney
摘要：We propose a different perspective on organizations, emphasizing the role of instructions in providing incentives. In our framework, there is a conflict of interest between a principal and an agent over the course of action. When preferences are aligned over executing a course, the principal can selectively instruct the agent on a preferred course to steer the agent toward it. Because less able (less confident) agents are more responsive to instructions, hiring these types of agents can be ben...
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作者：Masulis, Ronald W.; Shen, Sichen; Zou, Hong
作者单位：University of New South Wales Sydney; Wuhan University; University of Hong Kong
摘要：We study whether legal liability protection helps companies to recruit and retain high-quality independent directors. We conduct difference-in-differences analyses exploiting the 1999 Ninth Circuit Court of Appeals Ruling on the Silicon Graphics case, which substantially raised the bar for filing securities class action (SCA) lawsuits as a shock. We document supporting evidence for the talent attraction hypothesis by showing improvements in newly recruited independent director quality followin...
