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| Author: | Frey, B. S. Benz, M. |
| Title: | Can private learn from public governance? |
| Journal: | Economic Journal
2005 : NOV, VOL. 115:507, p. F377-F396 |
| Index terms: | public companies private companies |
| Freeterms: | employee selection public governance |
| Language: | eng |
| Abstract: | This article discusses that in view of recent corporate scandals, private governance can learn from public governance. The authors claim that goal-oriented intrinsic motivation of agents should be supported by fixed incomes and an extensive selection process of employees. Also the power of actors should be restricted by a clear division of power, appropriate rules of succession and institutionalized competition for positions in firms. |
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