Contractual incompleteness and the optimality of equity joint ventures
Article Abstract:
Companies with plans to combine complementary skills usually prefer the Equity Joint Venture (EJV) as against other profit-sharing mechanisms. The distinction between equity shares and profit shares was examined. Findings indicated that, in situations of contractual incompleteness, marketable equity ownership offers a better ex ante incentives to the concerned parties as against non-transferable profit-sharing contracts because it allays ex post hold-up problems.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
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Organizational communication structure and performance
Article Abstract:
Research is presented describing the methods used to assess the effectiveness of hierarchical or polyarchy organizational structures in different working environments.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
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