Workplace organization, innovation and performance
Key indicators
Selected geographical area: Canada
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2,654-1.1%(annual change)
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209,029-0.9%(annual change)
Results
All (1)
All (1) ((1 result))
- 1. Product Market Competition and Agency Costs ArchivedArticles and reports: 11F0019M2006287Geography: CanadaDescription:
We model the effects of product market competition on agency costs, and develop two main empirical predictions. First, competition, by reducing agency costs, unambiguously increases the importance firms place on quality improvements. This leads to higher powered incentives, and in turn to increased effort and quality. Second, these effects are increasing in the severity of agency problems, and should be stronger in large, hierarchical corporations (where agency problems are more severe) than in entrepreneurial firms. We test the predictions of our model using a unique dataset with both firm and employee characteristics.
Release date: 2006-12-04
Data (0)
Data (0) (0 results)
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Analysis (1)
Analysis (1) ((1 result))
- 1. Product Market Competition and Agency Costs ArchivedArticles and reports: 11F0019M2006287Geography: CanadaDescription:
We model the effects of product market competition on agency costs, and develop two main empirical predictions. First, competition, by reducing agency costs, unambiguously increases the importance firms place on quality improvements. This leads to higher powered incentives, and in turn to increased effort and quality. Second, these effects are increasing in the severity of agency problems, and should be stronger in large, hierarchical corporations (where agency problems are more severe) than in entrepreneurial firms. We test the predictions of our model using a unique dataset with both firm and employee characteristics.
Release date: 2006-12-04
Reference (0)
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