Trust as a means of improving corporate governance and efficiency /

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Bibliographic Details
Author / Creator:Chami, Ralph.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2002.
Description:1 online resource (35 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/02/33
IMF working paper ; WP/02/33.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497565
Hidden Bibliographic Details
Other authors / contributors:Fullenkamp, Connel.
IMF Institute.
International Monetary Fund.
ISBN:1451892705
9781451892703
1281092819
9781281092816
1462384366
9781462384365
1452777535
9781452777535
9786613775863
661377586X
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.
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.
Other form:Print version: Chami, Ralph. Trust as a means of improving corporate governance and efficiency. [Washington, D.C.] : International Monetary Fund, ©2002
Standard no.:10.5089/9781451892703.001

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520 |a 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. 
546 |a English. 
650 0 |a Corporate governance  |x Effect of trust on  |v Econometric models. 
650 0 |a Industrial management  |x Effect of trust on  |v Econometric models. 
650 0 |a Industrial efficiency  |x Econometric models. 
650 0 |a Corporate governance  |x Econometric models. 
650 0 |a Industrial management  |x Econometric models. 
650 0 |a Trusts, Industrial  |x Econometric models. 
650 6 |a Gouvernement d'entreprise  |x Modèles économétriques. 
650 6 |a Gestion d'entreprise  |x Modèles économétriques. 
650 6 |a Efficience dans l'industrie  |x Modèles économétriques. 
650 6 |a Trusts  |x Modèles économétriques. 
650 6 |a Rendement au travail  |x Aspect économique  |x Modèles économétriques. 
650 7 |a Industrial efficiency  |x Econometric models.  |2 fast  |0 (OCoLC)fst00970971 
655 4 |a Electronic books. 
700 1 |a Fullenkamp, Connel. 
710 2 |a IMF Institute.  |0 http://id.loc.gov/authorities/names/n81065613 
710 2 |a International Monetary Fund.  |0 http://id.loc.gov/authorities/names/n81052755 
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