The Employment Contracts Act and Work Stoppages
نویسندگان
چکیده
منابع مشابه
Work Ethic, Employment Contracts, and Firm Value
Traditional agency theory assumes that managers are egoistic and need incentives to act in the best interests of the firm. As such, agency theory is a key determinant of firm size, capital structure, corporate governance, and firm value. However, traditional theory ignores the fact that some people are virtuous and do not need such incentives. If some employees are selfless, diligent, and have ...
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We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with riskneutral underlying utility functions to be risk averse over small variations in income, but sometimes to seek risk over large variations. As a result, optimal employment contracts will smooth wages c...
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ژورنال
عنوان ژورنال: New Zealand Journal of Industrial Relations
سال: 1970
ISSN: 0110-0637
DOI: 10.26686/nzjir.v20i1.3264