Trust as a means of improving corporate governance and efficiency /
Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder, relative t...
| Main Author: | |
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| Corporate Authors: | , |
| Other Authors: | |
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
c2002
[Washington, D.C.] : International Monetary Fund, ©2002 Washington, D.C. : 2002 |
| Series: | IMF Working Papers ;
Working Paper No. 02/33 IMF Working Papers; Working Paper ; No. 2002/033 IMF eLibrary IMF working paper ; WP/02/33 |
| Subjects: |
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| 100 | 1 | |a Chami, Ralph | |
| 245 | 1 | 0 | |a Trust as a means of improving corporate governance and efficiency / |c Ralph Chami and Connel Fullenkamp |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, IMF Institute, |c c2002 | ||
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2002 | ||
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2002 | |
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| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/02/33 | |
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| 504 | |a Includes bibliographical references (p. 33-35) | ||
| 504 | |a Includes bibliographical references (pages 33-35) | ||
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| 506 | |a Restricted for use by site license. | ||
| 520 | |a Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder, relative to those at firms that use the standard tools. In addition, we show that employees at trusting firms have higher job satisfaction, and that these firms enjoy lower labor cost and higher profits. Finally, we show how trust may also be easier to use within the firm than the standard agency-mitigation tools | ||
| 520 | 3 | |a Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder, relative to those at firms that use the standard tools. In addition, we show that employees at trusting firms have higher job satisfaction, and that these firms enjoy lower labor cost and higher profits. Finally, we show how trust may also be easier to use within the firm than the standard agency-mitigation tools | |
| 530 | |a Also available online via the World Wide Web; access restricted to licensed sites/users | ||
| 533 | |a Electronic reproduction |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002 |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 546 | |a English | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 588 | |a Description based on print version record | ||
| 588 | 0 | |a Print version record | |
| 650 | 0 | |a Corporate governance |x Econometric models | |
| 650 | 0 | |a Corporate governance |x Effect of trust on |v Econometric models | |
| 650 | 0 | |a Corporate governance |x Effect of trust on |x Econometric models | |
| 650 | 0 | |a Industrial efficiency |x Econometric models | |
| 650 | 0 | |a Industrial management |x Econometric models | |
| 650 | 0 | |a Industrial management |x Effect of trust on |v Econometric models | |
| 650 | 0 | |a Industrial management |x Effect of trust on |x Econometric models | |
| 650 | 0 | |a Trusts, Industrial |x Econometric models | |
| 650 | 4 | |a Altruism | |
| 650 | 4 | |a Asymmetric and Private Information | |
| 650 | 4 | |a Benefits | |
| 650 | 4 | |a Compensation | |
| 650 | 4 | |a Employee compensation | |
| 650 | 4 | |a Ethics | |
| 650 | 4 | |a Executive compensation | |
| 650 | 4 | |a Financial incentives | |
| 650 | 4 | |a General | |
| 650 | 4 | |a Moral hazard | |
| 650 | 4 | |a Morality | |
| 650 | 4 | |a Profit sharing | |
| 650 | 4 | |a Relation of Economics to Social Values | |
| 650 | 4 | |a Wage | |
| 650 | 4 | |a Wages | |
| 650 | 4 | |a Worker | |
| 650 | 6 | |a Efficience dans l'industrie |x Modèles économétriques | |
| 650 | 6 | |a Gestion d'entreprise |x Modèles économétriques | |
| 650 | 6 | |a Gouvernement d'entreprise |x Modèles économétriques | |
| 650 | 6 | |a Rendement au travail |x Aspect économique |x Modèles économétriques | |
| 650 | 6 | |a Trusts |x Modèles économétriques | |
| 650 | 7 | |a Actuarial Studies |2 imf | |
| 650 | 7 | |a Altruism |2 imf | |
| 650 | 7 | |a Asymmetric and Private Information |2 imf | |
| 650 | 7 | |a Corporate Finance and Governance: Government Policy and Regulation |2 imf | |
| 650 | 7 | |a Corporate Governance |2 imf | |
| 650 | 7 | |a Corporate governance |2 fast | |
| 650 | 7 | |a Corporate governance |2 imf | |
| 650 | 7 | |a Econometric models |2 fast | |
| 650 | 7 | |a Economic sectors |2 imf | |
| 650 | 7 | |a Finance |2 imf | |
| 650 | 7 | |a Finance: General |2 imf | |
| 650 | 7 | |a Financial institutions |2 imf | |
| 650 | 7 | |a Financial risk management |2 imf | |
| 650 | 7 | |a Financial sector policy and analysis |2 imf | |
| 650 | 7 | |a General Financial Markets: Government Policy and Regulation |2 imf | |
| 650 | 7 | |a Industrial efficiency |2 fast | |
| 650 | 7 | |a Industrial efficiency |x Econometric models |2 fast | |
| 650 | 7 | |a Industrial management |2 fast | |
| 650 | 7 | |a Insurance & actuarial studies |2 imf | |
| 650 | 7 | |a Insurance Companies |2 imf | |
| 650 | 7 | |a Insurance |2 imf | |
| 650 | 7 | |a Labor Economics: General |2 imf | |
| 650 | 7 | |a Labor economics |2 imf | |
| 650 | 7 | |a Labor |2 imf | |
| 650 | 7 | |a Labour |2 imf | |
| 650 | 7 | |a Macroeconomics |2 imf | |
| 650 | 7 | |a Moral hazard |2 imf | |
| 650 | 7 | |a Production and Organizations: General |2 imf | |
| 650 | 7 | |a Public finance & taxation |2 imf | |
| 650 | 7 | |a Relation of Economics to Social Values |2 imf | |
| 650 | 7 | |a Tax incentives |2 imf | |
| 650 | 7 | |a Taxation |2 imf | |
| 650 | 7 | |a Taxation, Subsidies, and Revenue: General |2 imf | |
| 650 | 7 | |a Wages |2 imf | |
| 650 | 7 | |a Wages, Compensation, and Labor Costs: General |2 imf | |
| 650 | 7 | |a income economics |2 imf | |
| 650 | 7 | |a role & responsibilities of boards & directors |2 imf | |
| 651 | 4 | |a Grenada | |
| 651 | 4 | |a United Kingdom | |
| 651 | 7 | |a United States |2 imf | |
| 655 | 4 | |a Electronic books | |
| 700 | 1 | |a Chami, Ralph | |
| 700 | 1 | |a Fullenkamp, Connel | |
| 710 | 2 | |a IMF Institute | |
| 710 | 2 | |a International Monetary Fund | |
| 776 | |z 1-4518-4519-7 | ||
| 776 | 0 | 8 | |a Print Version: |z 9781451845198 |
| 776 | 0 | 8 | |i Print Version: |a Chami, Ralph |t Trust As a Means of Improving Corporate Governance and Efficiency |d Washington, D.C. : International Monetary Fund, 2002. |z 9781452777535 |
| 776 | 0 | 8 | |i Print version: |a Chami, Ralph |t Trust as a means of improving corporate governance and efficiency. |d [Washington, D.C.] : International Monetary Fund, ©2002 |w (OCoLC)49323809 |
| 830 | 0 | |a IMF Working Papers ; |v Working Paper No. 02/33 | |
| 830 | 0 | |a IMF Working Papers; Working Paper ; |v No. 2002/033 | |
| 830 | 0 | |a IMF eLibrary | |
| 830 | 0 | |a IMF working paper ; |v WP/02/33 | |
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