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Social Capital, Corporate Culture, and the Incentive Intensity
Oleh:
Rob, Rafael
;
Zemsky, Peter
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 33 no. 2 (2002)
,
page 243-257.
Topik:
social capital
;
social capital
;
corporate culture
;
incentive intensity
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.6
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
We study the design of incentives in a firm in which cooperation among workers is important. Since cooperation is not observed, the firm is unable to reward workers for it. Workers may, nonetheless, cooperate because they derive direct utility from cooperation. This utility is endogenously determined and depends on how much others have cooperated in the past as well as on the firm's incentive intensity. Consequently, incentives are chosen with the aim of enhancing workers' utility from cooperation or of building "social capital.'' We show that the optimal choice of incentives can create cultural differences across firms.
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