The Managerial Labor Market PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Managerial Labor Market PDF full book. Access full book title The Managerial Labor Market by Lisa Ferrarini Borstadt. Download full books in PDF and EPUB format.
Author: Lisa Ferrarini Borstadt
Publisher:
ISBN:
Category : Management
Languages : en
Pages : 240
Get Book Here
Book Description
Author: Lisa Ferrarini Borstadt
Publisher:
ISBN:
Category : Management
Languages : en
Pages : 240
Get Book Here
Book Description
Author: Pooran Wynarczyk
Publisher: Routledge
ISBN: 1134840446
Category : Business & Economics
Languages : en
Pages : 284
Get Book Here
Book Description
Focussing on the relatively few small firms which grew rapidly, this book, originally published in 1993 uses face-to-face interviews as well as published records to identify and analyse the managerial factors most closely associated with successful small firms. The volume concentrates on the following key managerial issues: In what respects do the managerial backgrounds and aspirations of the founders of fast-growth small firms differ from those of non-fast-growth small firms? How is the process of growth managed? What incentives, remuneration packages and communication systems are instituted? How do these characteristics and experiences differ in fast-growth small firms from both the traditional small firm and large-firm sector? To what extent is it possible to explain the relative economic performance of small firms in terms of differences in their ownership, organizational and management structures.
Author: Michael C. Jensen
Publisher:
ISBN:
Category : Executives
Languages : en
Pages : 10
Get Book Here
Book Description
Author: Steven P. Vallas
Publisher: Emerald Group Publishing
ISBN: 178714934X
Category : Social Science
Languages : en
Pages : 243
Get Book Here
Book Description
Economic institutions are undergoing radical transformations, and with these has come a reconfiguration of labor market institutions, managerial conceptions of work, and the nature of authority and control over employees as well. This volume addresses a wide array of questions to better understand these dramatic changes.
Author: Luc Renneboog
Publisher:
ISBN:
Category :
Languages : en
Pages : 45
Get Book Here
Book Description
We simultaneously analyze two mechanisms of the managerial labor market: CEO turnover and monetary remuneration schemes. Sample selection models and hazard analyses applied to a random sample of 250 firms listed on the London Stock Exchange show that managerial remuneration and the termination of labor contracts play an important role in mitigating agency problems between managers and shareholders. We find that both the CEOs' industry-adjusted monetary compensation and their replacement are strongly performance-sensitive. We also investigate whether specific corporate governance mechanisms have an impact on managerial disciplining or on the pay-for-performance contracts. There is little evidence of outside shareholder monitoring whereas entrenched CEOs with strong voting power successfully resist replacement irrespective of corporate performance. CEO remuneration is more sensitive to stock price performance in firms with strong outside shareholders whereas remuneration in insider-dominated firms is more sensitive to measures of accounting returns. When stock prices decrease, CEOs seem to compensate disappointing stock performance by augmenting the cashbased compensation package. Finally, the presence of a remuneration committee has no significant impact on remuneration.
Author: Gérard Roland
Publisher:
ISBN:
Category : Mixed economy
Languages : en
Pages : 32
Get Book Here
Book Description
Author: I. J. Alexander Dyck
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
Get Book Here
Book Description
This paper furthers understanding of agency costs by simultaneously examining management entrenchment and the potential disciplining force of the managerial labor market. I show that the labor market's ability to constrain rent seeking activities depends upon the precision of measures of management ability provided by current firm performance. The paper emphasizes how noise in the economic environment adds to imprecision and provides a shield for entrenchment activities, managers hiding their entrenchment behind the noise. Applying the model, I suggest that the identity of the owners of a firm affects the noise in the economic environment. The crux of the argument is that the labor market has a more difficult time discerning the objectives conveyed to managers in state-owned firms than in private-sector firms. Optimally, the labor market places a lower weight on current firm performance relative to previous signals of management ability in state-owned firms, thus encouraging more entrenchment activity. The paper suggests mechanisms to improve the efficiency of the labor market and helps rationalize differences in the restrictions placed on management discretion between state owned and private-sector firms.
Author:
Publisher:
ISBN:
Category : Employee selection
Languages : en
Pages : 42
Get Book Here
Book Description
Author: Robert Shimer
Publisher: Princeton University Press
ISBN: 1400835232
Category : Business & Economics
Languages : en
Pages : 189
Get Book Here
Book Description
Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.
Author: Paul Osterman
Publisher: MIT Press
ISBN: 026226398X
Category : Business & Economics
Languages : en
Pages : 243
Get Book Here
Book Description
A study of the changing face of the American labor market. The American labor market faces many deep-rooted problems, including persistence of a large low-wage sector, worsening inequality in earnings, employees' lack of voice in the workplace, and the need of employers to maximize flexibility if they are to survive in an increasingly competitive market. The impetus for this book is the absence of a serious national debate about these issues. The book represents nearly three years of deliberation by more than 250 people drawn from business, labor, community groups, academia, and government. It traces today's labor-market policy and laws back to the New Deal and to a second wave of social regulation that began in the 1960s. Underlying the current system are assumptions about who is working, what workers do, and how much job security workers enjoy. Economic and social changes have rendered those assumptions invalid and have resulted in mismatches between labor institutions and efficient and equitable deployment of the workforce, as well as between commitments to the labor market and family responsibilities. This book should launch a national dialogue on how to update our policies and institutions to catch up with the changes in the nature of work, in the workforce, and in the economy.
