Search results for "Base"

Are you a Good Employee or Simply a Good Guy? Infl?uence Costs and Contract Design.

2012

We develop a principal-agent model with a moral hazard problem in which the principal has access to a hard signal (the level of output) and a soft signal (the supervision signal) about the agent?s level of effort. We show that the agent?'s ability to manipulate the soft signal increases the cost of implementing the effcient equilibrium, leading to wage compression when the infl?uence cost is privately incurred by the agent. When manipulation activities negatively affect the agent?s productivity through the level of output, the design of infl?uence-free contracts that deter manipulation may lead to high-powered incentives. This result implies that high-productivity workers face incentive sch…

Variation sur le thème 'A la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise'

2001

L'objectif de cet article est de proposer une voie alternative à celle que préconise Zingales pour donner de nouvelles fondations à la finance d'entreprise. En empruntant le même cheminement que Zingales, cet article retient premièrement une définition plus large de la finance, accordant à l'investissement une place au moins équivalente à celle du financement. Deuxièmement, considérant que la vision contractuelle, dans son interprétation traditionnelle fondée sur la protection des actifs spécifiques, conduit à une théorie financière déconnectée de toute considération productive, il propose de lui substituer les théories de la firme associées aux courants cognitifs. Troisièmement, les conséq…

Why Do European Venture Capital Companies Syndicate?

2002

Financial theory, resource-based theory and access to deal flow are used to explain syndication practices among European venture capital (VC) firms. The desire to share risk and increase portfolio diversification is a more important motive for syndication than the desire to access additional intangible resources or deal flow. Access to resources is, however, more important for non-lead than for lead investors. When resource-based motives are more important, the propensity to syndicate increases. Syndication intensity is higher for young VC firms and for VC firms, specialised in a specific investment stage. Finally, syndication strategies are similar across European countries, but differ fro…

Gouvernance contractuelle et cognitive des alliances internationales en R&D

2009

Notre objectif est d’expliquer le choix des firmes multinationales entre les alliances avec prise de participation et les alliances sans prise de participation pour investir en R&D à l’étranger. Les déterminants du choix peuvent être contractuels ou cognitifs. Nos résultats montrent que les alliances sans prise de participation sont choisies en cas d’une spécificité des actifs et de fréquence moyennes ou faibles des transactions et au cas où les firmes parentes détiennent des capacités en R&D similaires. Nos résultats montrent aussi que les firmes multinationales n’optent pas nécessairement pour les alliances à fort degré d’interdépendance organisationnelle dans un objectif d’exploration de…

CREATIVITY, INNOVATION AND CHANGE IN KNOWLEDGE-BASED ORGANIZATION

2012

The innovative - creative potential of an organization is determined by the creative capacity of its members, by its managerial team competency and by certain mechanisms to sustain implementation of new ideas, as well as their transformation in competitive products and services. From the premise that knowledge-based modern organization is permanently connected to changes of business environment, the paper aims to underline the essential role of creativity and innovation in projecting and implementing organizational change programmes. Also, the paper presents possible directions of action recommended to nowadays organizations for the transition to knowledge-based organization stage.

Valorificarea capitalului intelectual - criteriu pentru performanta manageriala in societatea bazata pe cunoastere

2006

If we can see the knowledge society as an essential part of the “external environment” of the firm management, that brings with it some specific opportunities and threats, we have to consider the intellectual capital – that integrates the two basic resources: knowledge and human – a key ingredient for the “internal environment” of the firm management, which determines some strengths and/or weaknesses that lead to the success or the failure of the managerial effort of the firm operating under the circumstances given by the emergency of three processes with global spread: the economic globalization, the managerial revolution and the knowledge-based society. Having as starting point the premis…

Supporting the success of an information systems project : viewpoints on education and replacement of the project manager

2013

Language for International communication: Linking Interdisciplinary Perspectives on Cultural, Professional and Scientific Capacity Building: Book of …

2019

Replacing short-haul flights with land-based transportation modes to reduce greenhouse gas emissions: the case of Finland

2019

Even though air travel often provides the fastest transport option, it also has the highest climate impact. Especially on long-haul trips, an aircraft usually represents the only feasible option. Nevertheless, aircraft are more often used on short-haul routes as well. It is the short-haul flights that produce the highest emissions per passenger. These are also the ones that could be replaced the most easily by land-based transportation modes. This study investigates the greenhouse gas emissions reduction potential of replacing short-haul flights with train, coach and car travel within Finland while also taking into account real travel times from door to door. Our results showed that replaci…

Redefiniendo la competitividad desde el fair play y la justicia social

2018

espanoln este articulo se analizan, desde una perspectiva humanistica, los mensajes predominantes acerca de la competitividad en los ambitos economico y deportivo. El proposito del trabajo es identificar , destacar y valorar aquellos discursos sobre la competitivi dad que pueden favorecer relaciones sociales mas justas. Partiendo de una caracterizacion de la competitividad desde el neoliberalismo, generadora de desigualdad, se ofrece una alternativa para conseguir una competicion mas justa. Para ello , se aporta una perspectiva de la competicion, desde el deporte, basada en el fair play que atiende a los principios de igualdad, participacion y colaboracion. Ademas, se introducen algunas con…