infonet-economy

This paper presents a new method for the analysis of moral hazard principal-agent problems. The new approach avoids the stringent assumptions on the distribution of outcomes made by the classical first-order approach and instead only requires the agent's expected utility to be a rational function of the action. This assumption allows for a reformulation of the agent's...

In this article, the authors discuss critically the use of “anthropomorphic” metaphors in organization studies (e.g., organizational knowledge, learning, and memory). They argue that, although these metaphors are potentially powerful, because of frequent usage they are at risk of becoming taken for granted and contextually disconnected from their source domain, the human mind. To...

In this article, we explain why managing legitimacy is vital for corporations and how business firms can employ strategies to maintain their legitimacy. We then discuss the organizational capacities that each legitimacy strategy implies and point out their inherent tensions. Based on the results of an empirical study, we show how two large corporations have handled these tensions and...

This study adopts the push-entrepreneurship perspective and develops a conceptual framework grounded in prospect theory, in order to investigate whether source of sunemployment, layoff in particular, and duration of unemployment stimulate entrepreneurial intent. We also propose that fear of failure and risk propensity moderate the source/duration–entrepreneurial intent relationships...

This paper develops a model of a cooperative enterprise and compares it to a vertically separated market. In our model of a multi-stage production process, agents can acquire costly knowledge to decrease production costs. Our model shows that the cooperative acquires less non-generalizable knowledge than the market, but more generalizable knowledge if the large member in the...

Trade-offs between competitive priorities are often seen as exogenous – managers accept them as a given downside while simultaneously addressing multiple competitive priorities. However, some companies seem to face fewer trade-offs than others. The question is how companies reduce their trade-offs to successfully compete on multiple competitive priorities simultaneously. We address...

Standorte in Hochlohnländern können in guter, wie auch in angespannter Wirtschaftslage erfolgreich agieren. Während in einer guten Wirtschaftslage Strategien verfolgt werden, welche die Adressierung mehrerer Differenzierungsfaktoren beinhalten, werden in einer angespannten Wirtschaftslage klare strategische Fokussierung gelegt. Beiden Wirtschaftslagen ist gemeinsam, dass Maßnahmen...