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This paper examines the relationship between investor protection and corporate insiders' incentive to take value-enhancing risks. In a poor investor protection environment corporations are often run by entrenched insiders who appropriate considerable corporate resources as personal benefits. When these private benefits are large, insiders may undertake(More)
Whitelaw for helpful comments and suggestions. All errors are mine. Abstract This paper builds a theory of human capital development within a firm. I model the process of human capital development in three distinct stages. In the first stage – the integration stage, the human capital supplier builds her firm-specific human capital. She then converts her(More)
Governance has emerged in the last few years as critical to the success of software development, a result of an increased focus on team work. Governance of software teams includes practices of defining and executing decision rights and mechanisms to empower the development process to be governed. We report on an empirical survey of team members of global(More)
In 4 experimental studies, we show that customer verbal aggression impaired the cognitive performance of the targets of this aggression. In Study 1, customers' verbal aggression reduced recall of customers' requests. Study 2 extended these findings by showing that customer verbal aggression impaired recognition memory and working memory among employees of a(More)
Preliminary. Please do not quote or distribute. We would like to thank the Salomon Center at NYU and informal seminar participants at Rutgers University and New York University for comments on a preliminary draft. Abstract Termination in compensation contracts has two potential roles, providing incentives and matching ability of agents to tasks. The extant(More)
We thank Edith Hotchkiss (a discussant in the ASSA meetings in Boston, 2006) and Adriano Rampini (a discussant in the EFA meetings, 2006) for many useful comments. We thank a referee for many useful comments. Ravid also thanks the Whitcomb Center at Rutgers Business School and the Sanger Family foundation for financial support. Abstract This paper provides(More)
We discuss ways in which computer supported cooperative work (CSCW) tools can support collaborative sensemaking in distributed project teams. Prevailing analyses have focused on collaborative sense-making in the context of ongoing and recurring face to face interaction. This may suggest that distributed project teams are challenged since their sensemaking(More)
There is a growing literature on the differential impact of " soft " vs. " hard " information on organizational structure and behavior. Most empirical papers on soft information study the financial intermediation industry. This is one of the few papers that measure the impact of soft information in a different industry. In our empirical analysis, we find(More)