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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado: 4 registros
| Registro 1 de 4 | |
| Autor: | Zwiebel, Jeffrey - |
| Título: | Dynamic Capital Structure under Managerial Entrenchment |
| Fuente: | American Economic Review. v.86, n.5. American Economic Association |
| Páginas: | pp. 1197-1215 |
| Año: | Dec. 1996 |
| Resumen: | This paper develops a model in which managers voluntarily choose debt to credibly constrain their own future empire-building. Dynamically consistent capital structure is derived as the optimal response in each period of partially entrenched managers trading off empire-building ambitions with the need to ensure sufficient efficiency to prevent control challenges. A policy of capital structure coordinated with dividends follows naturally, as do implications for the level, frequency, and maturity structure of debt as a function of outside investment opportunities. Additionally, the model yields new testable implications for security design, and changes in debt and empire-building over managerial careers. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 2 de 4 | |
| Autor: | Stole, Lars-A - Zwiebel, Jeffrey - |
| Título: | Organizational Design and Technology Choice under Intrafirm Bargaining |
| Fuente: | American Economic Review. v.86, n.1. American Economic Association |
| Páginas: | pp. 195-222 |
| Año: | Mar. 1996 |
| Resumen: | The authors consider a wide number of applications of an intrafirm bargaining game within organizations where employees and the firm engage in wage negotiations. Under their presumption that contracts cannot bind employees to the organization, the resulting stable wage and profit profiles give rise to an objective function for the firm that places weight on inframarginal profits in an economically significant manner. The authors in turn employ this methodology to explore applications of organizational design, hiring and capital decisions, training and cross-training, the importance of labor and asset specificity, managerial hierarchies, preferences for unionization, responses to competition, and internal capital budgeting. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 3 de 4 | |
| Autor: | Miron, Jeffrey-A - Zwiebel, Jeffrey - |
| Título: | The Economic Case against Drug Prohibition |
| Fuente: | Journal of Economic Perspectives. v.9, n.4. American Economic Association |
| Páginas: | pp. 175-92 |
| Año: | fall 1995 |
| Resumen: | This paper discusses the costs and benefits of drug prohibition. It offers a detailed outline of the economic consequences of drug prohibition and a systematic analysis of the relevant empirical evidence. The bottom line is that a relatively free market in drugs is likely to be vastly superior to the current policy of prohibition. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 4 de 4 | |
| Autor: | Miron, Jeffrey-A - Zwiebel, Jeffrey - |
| Título: | Alcohol Consumption during Prohibition |
| Fuente: | American Economic Review. v.81, n.2. American Economic Association |
| Páginas: | pp. 242-47 |
| Año: | May 1991 |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
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