Hidden Bibliographic Details
| Other authors / contributors: | Fullenkamp, Connel.
IMF Institute.
International Monetary Fund.
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| ISBN: | 1451892705
9781451892703
1281092819
9781281092816
1462384366
9781462384365
1452777535
9781452777535
9786613775863
661377586X
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| Notes: | Includes bibliographical references (pages 33-35).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring and incentive-based pay. We show how trust induces employees to work harder, relative to those at firms that use the standard tools. In addition, we show that employees at trusting firms have higher job satisfaction, and that these firms enjoy lower labor cost and higher profits. Finally, we show how trust may also be easier to use within the firm than the standard agency-mitigation tools.
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| Other form: | Print version: Chami, Ralph. Trust as a means of improving corporate governance and efficiency. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451892703.001
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