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On the Exclusion Principle in Tullock Contests 论图洛克诉讼中的排除原则
Pub Date : 2020-08-01 DOI: 10.2139/ssrn.3682662
Bo Chen, Yi-Hsiu Tseng, Ajalavat Viriyavipart, Xuezhi Zhang
In an influential paper, Fang (Public Choice 112: 351–371, 2002) asserts that the exclusion principle discovered by Baye et al. (1993) for all-pay auction does not apply to lottery in the case in which an organizer cares about the aggregate effort. Serena (2017) shows that the exclusion principle still applies to lottery with (sufficiently) homogeneous contestants if the organizer only cares about the effort of the winner. In this paper, we consider a Tullock lottery contest in which contestants' types are binary and stochastic and the two types are significantly different. We find that Fang's (2002) result still holds but Serena's (2017) result does not. Precisely, to increase the expected winner's effort, it is strictly beneficial to exclude all but two contestants if and only if each contestant's probability of being the weak type is small. If the probability is sufficiently high, it is optimal to include all contestants.
Fang (Public Choice 112: 351-371, 2002)在一篇有影响力的论文中断言,在组织者关心总努力的情况下,Baye等人(1993)在全付费拍卖中发现的排除原则不适用于彩票。Serena(2017)表明,如果组织者只关心中奖者的努力,排除原则仍然适用于具有(足够)同质参赛者的彩票。本文考虑了一种具有二元和随机两种类型且两种类型显著不同的塔洛克彩票竞赛。我们发现Fang(2002)的结果仍然成立,而Serena(2017)的结果则不成立。确切地说,为了增加预期赢家的努力,当且仅当每个参赛者成为弱类型的概率很小时,排除除两个参赛者以外的所有参赛者是严格有益的。如果概率足够高,最优方案是包括所有参赛者。
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引用次数: 0
Does CEO Age Matters? : A Case of an Emerging Economy. CEO年龄重要吗?:一个新兴经济体的案例。
Pub Date : 2020-07-21 DOI: 10.2139/ssrn.3657542
Sadia E. Cheema
In today’s business environments, “Does CEO age matters?” still have doubts due to multiple pros and cons associated with the age. Where CEO age has been noted as an influencing element on firm performance. The intervening mechanism that governs direct and indirect effect of CEO age on performance via CEO tenure has remained limited and under researched in the markets of emerging economies. Specifically, test models of this paper suggest that CEO Tenure indirectly influences performance through its direct effect on the link between CEO Age and performance. Results from regression and pairwise correlation analysis confirms the study hypothesis and are consistent with model. In discussion this study traces the implication of results for practice and future research.
在当今的商业环境中,“CEO的年龄重要吗?”由于与年龄相关的多重利弊,我仍然心存疑虑。CEO年龄被认为是影响公司业绩的一个因素。在新兴经济体的市场中,通过CEO任期直接或间接影响CEO年龄对绩效的干预机制仍然有限,且研究不足。具体而言,本文的检验模型表明,CEO任期通过直接影响CEO年龄与绩效之间的联系间接影响绩效。回归分析和两两相关分析的结果证实了研究假设,与模型一致。在讨论中,本研究追踪了结果对实践和未来研究的含义。
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引用次数: 1
Wages and Firm Performance: Evidence from the 2008 Financial Crisis 工资与企业绩效:来自2008年金融危机的证据
Pub Date : 2020-07-05 DOI: 10.2139/ssrn.2409496
P. Ouimet, Elena Simintzi
We examine the effect of higher wages on firm performance during the 2008 financial crisis. To identify variation in wages, we rely on heterogeneity in the timing of long-term wage agreements for a sample of U.K. firms. We instrument for firms signing long-term agreements overlapping with the crisis by the presence of a contract signed in 2006 or earlier and expiring before September 2008. Treated firms not only paid higher wages but also realized greater labor productivity relative to control firms. These findings are consistent with the intuition that opportunity cost differentials between treated and control firms induce employees to exert higher effort. (JEL J41, J30, J24, G01) Received February 28, 2019; editorial decision July 8, 2020 by Editor Andrew Ellul. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.
我们考察了2008年金融危机期间较高工资对企业绩效的影响。为了确定工资的变化,我们依赖于英国公司样本长期工资协议时间的异质性。我们通过2006年或更早签署的、2008年9月之前到期的合同,为在危机期间签订长期协议的公司提供工具。与对照组企业相比,实验组企业不仅支付更高的工资,而且实现了更高的劳动生产率。这些发现与直觉一致,即待遇公司和控制公司之间的机会成本差异促使员工付出更高的努力。(JEL J41, J30, J24, G01)收稿日期:2019年2月28日;编辑决定,2020年7月8日,编辑安德鲁·埃卢。作者们提供了一份互联网附录,可以在牛津大学出版社的网站上找到,就在最终发表论文的链接旁边。
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引用次数: 15
Labor Unions and Non-Shareholding Stakeholders 工会和非持股利益相关者
Pub Date : 2020-07-03 DOI: 10.2139/ssrn.3689853
Mine Ertugrul, Dalia Marciukaityte
Using corporate social responsibility (CSR) scores, we examine the effect of unionization on non-shareholding stakeholders and the value of CSR for unionized firms. Our findings suggest that unionization leads to lower CSR. This negative relation between unionization and CSR is stronger for financially constrained firms. We address endogeneity issues by controlling for firm characteristics including firm fixed effects, examining a quasi-natural experiment, and using regression discontinuity design examining union certification elections. Unionized firms with lower CSR have better alignment of CEO and shareholder interests and higher market values than other unionized firms.
利用企业社会责任(CSR)得分,我们检验了工会化对非持股利益相关者的影响,以及工会化企业的社会责任价值。我们的研究结果表明,工会化导致企业社会责任降低。这种工会化与企业社会责任之间的负相关关系在资金紧张的企业中更为明显。我们通过控制企业特征(包括企业固定效应)、检验准自然实验以及使用回归不连续设计检验工会认证选举来解决内生性问题。企业社会责任较低的工会化企业与其他工会化企业相比,CEO和股东利益的一致性更好,市场价值也更高。
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引用次数: 1
A Note on the Gender Reservation Wage Gap in Developing Countries 关于发展中国家性别保留工资差距的说明
Pub Date : 2020-06-29 DOI: 10.1111/sjpe.12255
Bilal M. Khan, M. F. Majid
This is the first paper to document the existence of a gender reservation wage gap in developing countries. We find a 22.6% gender reservation wage gap, a gap that is much larger than current estimates for developed countries. Assets play the largest role in closing this gap, whereas adult height widens the gap among the poor.
这是第一篇记录发展中国家存在性别保留工资差距的论文。我们发现性别保留工资差距为22.6%,这一差距远远大于发达国家目前的估计。资产在缩小这一差距方面发挥了最大作用,而成年人的身高则扩大了穷人之间的差距。
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引用次数: 2
Helping Colleagues, Improving Operations Quality, or Just Doing One’s Job? – An Empirical Examination of Employee Behavior 帮助同事,提高运营质量,还是做好自己的本职工作?——对员工行为的实证检验
Pub Date : 2020-06-23 DOI: 10.2139/ssrn.3633710
Thilo R. Scholz, Arnd Huchzermeier
Total Quality Management relies on the contributions of operational employees, but the process of motivating them to exhibit in- and extra-role behaviors is unclear. Employees face trade-offs before adopting these behaviors based on preferences, which are seldom directly observed; moreover, it is often unrealistically assumed that workers have enough time to display all these behaviors. We examine the antecedents of that motivational process from a self-determination theory perspective and model the process leading to these behaviors in a structural equation model. The preferred behaviors in trade-off situations are elicited via a discrete choice experiment. We replicate results that have previously been reported only piecemeal. We not only confirm “organizational justice” and “perceived strategic alignment” but also identify “quality philosophy” as critical antecedents of the motivational process. Furthermore, we establish that employees derive significantly higher utility from helping colleagues and improving operations quality than from merely focusing on their job; in fact, they seem willing to sacrifice performance and/or private time to engage in such voluntary behaviors. Hence managers must realize that there is great potential in the employees exceeding the normal focus on in-role performance, meaning that employees are eager to devise strategies for achieving success in the long run.
全面质量管理依赖于运营员工的贡献,但激励他们表现出角色内和角色外行为的过程尚不清楚。员工在采取这些基于偏好的行为之前会面临权衡,而这些偏好很少被直接观察到;此外,人们常常不切实际地认为,员工有足够的时间来表现所有这些行为。我们从自我决定理论的角度考察了这一动机过程的前因,并在结构方程模型中对导致这些行为的过程进行了建模。权衡情境下的偏好行为通过离散选择实验得到。我们重复了以前只零星报道过的结果。我们不仅确认了“组织公正”和“可感知的战略一致性”,而且还将“质量哲学”确定为激励过程的关键前提。此外,我们确定员工从帮助同事和提高运营质量中获得的效用显著高于仅仅专注于自己的工作;事实上,他们似乎愿意牺牲业绩和/或私人时间来从事这种自愿的行为。因此,管理者必须认识到,员工有很大的潜力,超出了通常对角色内绩效的关注,这意味着员工渴望制定长期成功的战略。
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引用次数: 0
An Empirical Assessment of Organizational Commitment and Job Performance: Vietnam Small and Medium-Sized Enterprises 组织承诺与工作绩效的实证研究:越南中小企业
Pub Date : 2020-06-19 DOI: 10.13106/jafeb.2020.vol7.no6.277
D. Tung
Research on employee commitment to the organization is necessary for human resource management, and the result is applied in practice to improve organizational effectiveness. The aim of the present study is to explore factors affecting organizational commitment at the small and medium-sized enterprises (SMEs) in Vietnam. Besides, the relationship between organizational commitment and job performance is examined as well. The research was conducted on a sample consisting of 67 white-collar workers and 260 blue-collar workers at SMEs. A total of 327 valid complete questionnaires were input into SPSS 20 database for processing to provide evidence. The research model and hypotheses were tested using the technique of the hierarchical multiple regression analysis. The research results revealed that income, reward and welfare, direct manager, working environment, coworker, and promotion opportunity tended to associate positively with organizational commitment. Besides, the fnding also showed that, when the employee has a high organizational commitment, it would lead to high job performance. The main fndings of this study provided some managerial implications for SMEs, in general, and managers, in particular. It implies that Vietnam’s small and medium-sized enterprises should improve these six factors to retain employees as well as enhance their job performance.
研究员工对组织的承诺是人力资源管理的需要,并将研究结果应用于实践,以提高组织的有效性。本研究的目的是探讨影响越南中小企业组织承诺的因素。此外,本文还研究了组织承诺与工作绩效之间的关系。该研究的样本由67名白领和260名中小企业蓝领组成。将327份有效完整的问卷输入SPSS 20数据库进行处理,提供证据。采用层次多元回归分析技术对研究模型和假设进行检验。研究结果表明,收入、奖励福利、直接管理者、工作环境、同事、晋升机会与组织承诺呈正相关。此外,研究结果还表明,当员工具有高组织承诺时,会导致高工作绩效。本研究的主要发现为中小企业,特别是管理人员提供了一些管理意义。这意味着越南的中小企业应该改善这六个因素来留住员工,并提高他们的工作绩效。
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引用次数: 13
Training Policies in Chile: A Decision-making Effectiveness Comparison 智利的培训政策:决策有效性比较
Pub Date : 2020-06-11 DOI: 10.2139/ssrn.3625265
Nicolás Didier
The globalized world is facing different pressures on how their economies are organized by sustainability concerns, international agreements or pacts, global warming, and the fourth industrial revolution. From a labor market perspective, one of the main challenges for governments is to define the role of training activities in the labor institutions. Those definitions imply a broad range of elements as certification of skills, training subsidies, retraining programs, public-private alliances, vocational education, and training relations. Comparative literature has detected a variety of approaches by the Government by coordinating activities and funding for employers or employees. Even if Chile can be described as an employer-based training system, currently, training activities could be financed by companies, the Government, and Individuals. That situation has led to having scarce evidence about the whole functioning of the system, being the available information mainly focus on the role of training subsidies or social programs evaluation, neglecting a relevant portion of training activities financed by individuals. Using Casen survey cross-sectional versions from 1994 to 2009 and its panel versions 1996-2006 and 2006-2009, different econometrics tests were performed: Ordinary Least Squares, Quantile Regression, Propensity Score Matching, Difference in Difference Analysis, and Fixed Effect Regression. Results show that only individual decisions of training have a significant effect throughout time (18%), while social programs and company-sponsored training do not affect workers' wages in the long term.
全球化的世界在如何组织经济方面面临着不同的压力,包括可持续性问题、国际协议或协定、全球变暖以及第四次工业革命。从劳动力市场的角度来看,政府面临的主要挑战之一是确定培训活动在劳动力机构中的作用。这些定义包括技能认证、培训补贴、再培训计划、公私联盟、职业教育和培训关系等广泛的要素。比较文学通过协调活动和为雇主或雇员提供资金,发现了政府采取的各种方法。即使智利可以说是一个以雇主为基础的培训制度,目前,培训活动可以由公司、政府和个人资助。这种情况导致缺乏关于该制度整个运作的证据,因为现有的资料主要集中在培训补贴或社会方案评价的作用,而忽略了由个人资助的培训活动的有关部分。采用1994 -2009年Casen调查的横截面版本及其1996-2006年和2006-2009年的面板版本,进行了不同的计量经济学检验:普通最小二乘法、分位数回归、倾向得分匹配、差异分析中的差异和固定效应回归。结果显示,只有个人的培训决策在整个时间内具有显著的影响(18%),而社会计划和公司赞助的培训在长期内不会影响工人的工资。
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引用次数: 2
Works Councils and Performance Appraisals 工务委员会及工作表现评估
Pub Date : 2020-06-08 DOI: 10.1108/JPEO-10-2019-0027
C. Grund, Dirk Sliwka, Krystina Titz
PurposeWe analyze the role of works councils for the use of performance appraisals (PA). We distinguish between the incidence of PA systems as intended by the firm and their actual implementation on the level of the individual employee.Design/methodology/approachWe draw on two complementary data sets. These are the German Linked Personnel Panel (LPP), which combines firm-based information with information provided by several of those employees, and the German Socio-Economic Panel (SOEP), which is a representative longitudinal study of persons living in Germany.FindingsWe find that works councils tend to promote rather than restrict PA. Employees working in establishments with a works council are more likely to face a formal PA procedure. Works councils also act as a transmission institution for the actual use of an existing PA system – i.e. among the firms that claim to implement PA for all their employees, the likelihood of their employees actually having regular appraisals is substantially larger when works councils are in place. Moreover, the existence of works councils is positively related particularly to PA systems, which affects bonus payments.Research limitations/implicationsWe contribute to the understanding of the work of works councils in firms. In more general, we shed light to the relation of industrial relations and human resource management in firms.Practical implicationsThis result hints at a higher acceptance of PA systems in firms with works councils. It seems likely that the stronger formalization of such systems necessitated by codetermination laws increases the likelihood of supervisors consistently carrying out such appraisals.Originality/valueWe are the first who complement the analysis of the existence of HR practices (PA system) with its actual use for employees.
目的分析工作委员会在使用绩效评估(PA)中的作用。我们区分了公司计划的PA系统的发生率和他们在个人员工层面的实际实施。设计/方法/方法我们利用两个互补的数据集。这些是德国联系人员小组(LPP),它结合了基于公司的信息和一些雇员提供的信息,以及德国社会经济小组(SOEP),这是对居住在德国的人进行的有代表性的纵向研究。我们发现劳资委员会倾向于促进而不是限制私人助理。在有劳资委员会的企业工作的员工更有可能面临正式的PA程序。劳资委员会还作为现有PA系统实际使用的传播机构,即在声称对所有员工实施PA的公司中,当劳资委员会到位时,员工实际进行定期评估的可能性要大得多。此外,劳资委员会的存在尤其与影响奖金支付的PA系统呈正相关。研究局限/启示我们有助于理解企业劳资委员会的工作。更一般地说,我们揭示了劳资关系和企业人力资源管理的关系。实际意义这一结果暗示了PA系统在有工作委员会的公司中的更高接受度。似乎有可能的是,共同决定法所需要的这种系统的更强的形式化增加了监督人员持续进行这种评估的可能性。创意/价值我们是第一个将人力资源实践(PA系统)的存在分析与员工的实际使用相辅相成的人。
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引用次数: 1
Are Trade Unions Suitable for Organizations in the 21st Century? 工会是否适合21世纪的组织?
Pub Date : 2020-05-01 DOI: 10.2139/ssrn.3590774
R. Preena
Trade unions are an association of workmen or employers who are temporary or permanent in nature, and they play an important role and are helpful in ineffective communication between the workers and the management. Also, trade unions not only negotiate wages for their members but also affect fringe benefits, productivity, work allocation, job security, and employee participation practices. Accordingly, this study attempted to analyze the trade union statistics and movements of the Sri Lankan context as well as the international context and determine whether trade unions are suitable for organizations in the 21st century. Accordingly, the findings revealed that the existence and sustainability of trade unions had been gradually decreasing over the 21st century due to the individualistic behavior of workmen and employers and the prevalence of labor tribunal and labor departments to obtain protection and reliefs under unfair labor practices.
工会是临时或永久性的工人或雇主的协会,它在工人和管理层之间的无效沟通中发挥着重要作用。此外,工会不仅为其成员协商工资,而且还影响附加福利、生产力、工作分配、工作保障和员工参与实践。因此,本研究试图分析斯里兰卡以及国际背景下的工会统计数据和运动,以确定工会是否适合于21世纪的组织。因此,调查结果显示,由于工人和雇主的个人主义行为以及劳动法庭和劳动部门在不公平劳动行为下获得保护和救济的盛行,工会的存在和可持续性在21世纪逐渐减少。
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引用次数: 0
期刊
Labor: Personnel Economics eJournal
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