In this paper, we show that although ex ante equityholders would like to adopt an optimal displacement and operating policy, they may not have incentives to implement such a policy ex post when the manager acquires firmspecific human capital and becomes indispensable to the firm’s continued operation. An optimal mix of debt and equity can serve as a commitment device in disciplining the manager...

The aim of an ergonomics intervention conducted in the tire manufacturing industry was to improve working conditions. Before the start, a senior manager supported the intervention. Participants were divided into teams and trained. After observing the overall performance of the teams, over 100 improvements were successfully implemented. After the improvements, there were statistically significan...

In organizations with lack of quality culture and limited management commitment to quality improvement, a traditional top-down approach for designing ISO 9000 quality management systems may prove difficult. An alternative design approach may be to think of the organization as being in constant turbulence, and design the quality management system to take advantage the unpredictability of the sit...

High rates of failure are reported for software development projects and top management support has been identified as a critical factor in avoiding such failure and achieving project success. However, there has been little in-depth examination of what exactly is meant by “top management support” and how it can be realized. This study investigates top management support in the context of the re...