Ensuring corporate travel compliance – Control vs. commitment strategies
نویسندگان
چکیده
منابع مشابه
Corporate Control and Credible Commitment
The separation of control and ownership – the ability of a small group effectively to control a company though holding a minority of its cash flow rights – is common throughout the world, but also is commonly decried. The control group, it is thought, will use its position to consume excessive amounts of the firm’s returns, and this injures minority shareholders in two ways: there is less money...
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Activist shareholders have lately been attempting to assert themselves in a struggle with management and regulators over control of corporate decisions. These efforts have met with mixed success. Meanwhile, shareholders have been pressing for changes in the rules governing access to the corporate proxy process, especially in regard to nominating directors. The key issue which these events have ...
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Obtaining start-up funding for new product ideas in large corporations is inherently frustrating. We evaluated teams that were successful in obtaining start-up funds from large corporations to determine the importance of the executive champion and team commitment and conflict. We found that the funding level was strongly correlated (R=0.104; p=0.002) with higher levels (β=0.193; p=0.016) of cha...
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The standard approach to computing an optimal mixed strategy to commit to is based on solving a set of linear programs, one for each of the follower’s pure strategies. We show that these linear programs can be naturally merged into a single linear program; that this linear program can be interpreted as a formulation for the optimal correlated strategy to commit to, giving an easy proof of a res...
متن کاملComment on “ Commitment Vs . Flexibility ”
This comment corrects two results in the 2006 Econometrica paper by Amador, Werning, and Angeletos (AWA), that features a model in which individuals face a tradeoff between flexibility and commitment. First, in contrast to Proposition 1 in AWA, we show that money-burning can be part of the ex ante optimal contract when there are two states. Second, in contrast to Proposition 2 in AWA, we show t...
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ژورنال
عنوان ژورنال: Tourism Management
سال: 2015
ISSN: 0261-5177
DOI: 10.1016/j.tourman.2015.04.008