ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic)最新文献_第3页

Employer‐Sponsored Training and Longer‐Tenured Workers: Evidence from Australia 雇主赞助的培训和长期员工:来自澳大利亚的证据

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2012-10-01 DOI: 10.1111/j.1468-232X.2012.00704.x

C. Waddoups

引用次数: 6

Using a Risk Management Own Risk and Solvency Assessment to Improve Risk-to-Reward Decision-Making 运用风险管理自身风险和偿付能力评估改进风险回报决策

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2012-09-20 DOI: 10.2139/SSRN.2150701

Joseph Calandro, Jr., P. Delbridge, David Scheinerman

引用次数: 1

When Does Adaptation Require Decentralization? 什么时候适应需要权力下放?

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2012-03-01 DOI: 10.2139/ssrn.2050134

Ricardo Alonso, Wouter Dessein, Niko Matouschek

引用次数: 12

Top Executive Background and Financial Reporting Choice 高管背景和财务报告选择

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2011-11-18 DOI: 10.2139/ssrn.1765928

François Brochet, Kyle T. Welch

{"title":"Top Executive Background and Financial Reporting Choice","authors":"François Brochet, Kyle T. Welch","doi":"10.2139/ssrn.1765928","DOIUrl":"https://doi.org/10.2139/ssrn.1765928","url":null,"abstract":"We study the role of executive functional background in explaining management discretion in financial reporting. Taking goodwill impairment as our reporting setting, we focus on top executives (CEOs and CFOs) whose employment history includes experience in investment banking, private equity, venture capital or management consulting, as we expect these executives to have unique human capital and reputation concerns with respect to acquisitions and valuation modeling related to fair-value reporting. On average, we document that CFOs with prior transaction experience impair goodwill more frequently and in smaller amounts than other executives. Further investigation suggests that CFOs with prior transaction experience report goodwill that is more value relevant. This is consistent with CFO valuation expertise helping impair goodwill in a more informative manner. In contrast, CEOs with prior transaction experience appear to be subject to agency conflicts that affect their propensity to impair goodwill. Overall, our results not only suggest that executive functional background is a significant explanatory factor of financial reporting discretion, but also that a better understanding of its effect relies upon analyses of specific settings and predictions grounded in upper echelons theory and agency theory.","PeriodicalId":235827,"journal":{"name":"ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114852922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 48

Capital Budgeting and Managerial Retention under Product Market Competition 产品市场竞争下的资本预算与管理层保留

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2011-10-16 DOI: 10.2139/ssrn.1786008

Myat Mon

{"title":"Capital Budgeting and Managerial Retention under Product Market Competition","authors":"Myat Mon","doi":"10.2139/ssrn.1786008","DOIUrl":"https://doi.org/10.2139/ssrn.1786008","url":null,"abstract":"This paper studies how division managers' access to venture capital (VC) markets affects the internal capital allocation decision of a multi-division firm. Division managers may leave firms and seek venture financing if their project ideas are not funded by headquarters. A successful new venture poses a threat to the revenue of the incumbent firm through product market competition. The paper characterizes headquarters' decision to retain managers and allocate capital for different degrees of product market competition and fundamental parameters in the VC markets. The paper shows that distortions in internal capital allocations arise as headquarters retains managers by allocating more capital to their divisions and increasing compensation. These distortions may lead to under-investment or over-investment in high NPV projects as well as creation of new ventures. The paper also shows that improving efficiency in the VC markets may induce incumbent firms to aggressively retain managers by over-investing in their ideas and may not necessarily lead to more VC-backed startups. The incentive to retain managers is higher in more concentrated industries. The paper derives novel empirical implications linking industry characteristics to diversification benefits and investment behavior of multidivisional firms.","PeriodicalId":235827,"journal":{"name":"ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic)","volume":"101 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132166076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

BP's Failure to Debias: Underscoring the Importance of Behavioral Corporate Finance 英国石油公司未能消除偏见:强调行为公司财务的重要性

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2011-03-29 DOI: 10.2139/ssrn.1769213

H. Shefrin, Enrico Maria Cervellati

引用次数: 16

Finance and Governance in Developing Economies 发展中经济体的金融与治理

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2011-02-28 DOI: 10.2139/ssrn.1774263

R. Morck

引用次数: 17

Trust, Positive Reciprocity, and Negative Reciprocity: Do These Traits Impact Entrepreneurial Dynamics? 信任、积极互惠和消极互惠:这些特质会影响创业动力吗?

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2010-12-01 DOI: 10.2139/ssrn.1736592

Marco Caliendo, Frank M. Fossen, A. Kritikos

{"title":"Trust, Positive Reciprocity, and Negative Reciprocity: Do These Traits Impact Entrepreneurial Dynamics?","authors":"Marco Caliendo, Frank M. Fossen, A. Kritikos","doi":"10.2139/ssrn.1736592","DOIUrl":"https://doi.org/10.2139/ssrn.1736592","url":null,"abstract":"Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and buyers, as well as needing to trust others and reciprocate with their network. We base our analysis on the German Socio-Economic Panel and recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent that these variables influence the entrepreneurial decision processes. More specifically, we analyze whether i) the willingness to trust other people influences the probability of starting a business; ii) trust, positive reciprocity, and negative reciprocity influence the exit probability of entrepreneurs; and iii) willingness to trust and to act reciprocally influences the probability of being an entrepreneur versus an employee or a manager. Our findings reveal that, in particular, trust impacts entrepreneurial development. Interestingly, entrepreneurs are more trustful than employees, but much less trustful than managers.","PeriodicalId":235827,"journal":{"name":"ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125751219","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 119

Corporate Governance Issues Facing Small Corporations in Australia 澳大利亚小企业面临的公司治理问题

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2010-11-30 DOI: 10.2139/ssrn.1717342

Kumi Heenetigala, Anona Armstrong

{"title":"Corporate Governance Issues Facing Small Corporations in Australia","authors":"Kumi Heenetigala, Anona Armstrong","doi":"10.2139/ssrn.1717342","DOIUrl":"https://doi.org/10.2139/ssrn.1717342","url":null,"abstract":"Small businesses make up a majority of businesses in Australia, providing an impetus for economic development. However, guidelines for corporate governance best practices and rules and regulations for compliance are not tailored to the governing small businesses. Since governance is concerned about direction and control by the board of directors for outside shareholders, in Small Businesses this is the role of owner/managers. Governance of small businesses is not clearly defined as there are no rules and regulations governing small business, they do not understand corporate governance. Therefore this study aimed to investigate the corporate governance issues facing small businesses in Australia. This study was conducted using a sample of twenty one participants consisting of small business owner/managers and executive directors of industry associations. Interviews were conducted using structured interview schedules containing both open and close ended questions. Quantitative data were analysed using SPSS and Qualitative data were content analysed. The majority of small businesses did not understand the importance of corporate governance to their business. Therefore, this study suggests a code of best practice tailored to small businesses in order to communicate the governance process and adoption of on-line reporting to reduce the regulatory burdens for small businesses.","PeriodicalId":235827,"journal":{"name":"ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116336498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Hidden Action, Identification, and Organization Design 隐藏动作、识别和组织设计

ERN: Other Organizations & Markets: Decision-Making in Organizations (Topic) Pub Date : 2010-11-22 DOI: 10.11588/HEIDOK.00011248

Wendelin Schnedler

引用次数: 1