search query: @author Zemsky, P. / total: 5
reference: 4 / 5
| Author: | Rob, R. Zemsky, P. |
| Title: | Social capital, corporate culture, and incentive intensity |
| Journal: | RAND Journal of Economics
2002 : SUMMER, VOL. 33:2, p. 243-257 |
| Index terms: | Corporate culture Incentives Capital structure of companies |
| Language: | eng |
| Abstract: | The authors study the design of incentives in a firm in which cooperation among worker is important. Since cooperation is not observed, the firm is unable to reward workers for it. Workers may nonetheless, cooperate because they derive direct utility from cooperation. This utility is endogenously determine and depends on how much others have cooperated in the past as well as on the firms's incentive intensity. Incentives are chosen with an aim of enhancing workers' utility from cooperation or of building "social capital". The authors show that the optimal choice of incentives can create cultural differences across firms. |
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