Managing Business Transactions: Controlling the Cost of Coordinating, Communicating, and Decision MakingFree Press, 1990 - 181 oldal Every day managers perform thousands of transactions without closely calculating their cost. Such costs can easily become a burden if left unmanaged. Using such examples as the decision over whether to manufacture inputs or contract them out, this book aims to show managers how to incorporate all costs into the decision-making process. |
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51. oldal
... risky ( from the perspective of the employee ) contract . The risky contract creates additional incentives to avoid shirking , but requires a larger expected payment because of the employee's risk aversion . For the risky contract ...
... risky ( from the perspective of the employee ) contract . The risky contract creates additional incentives to avoid shirking , but requires a larger expected payment because of the employee's risk aversion . For the risky contract ...
54. oldal
... risky compensation , shirking : .5 ( $ 20,000 ) + .5 ( $ 14,000 ) = $ 17,000 By assumption , the risk premium demanded for accepting the risky package is $ 2,000 . The cost of the nonrisky package is $ 3,000 because of shirking , so the ...
... risky compensation , shirking : .5 ( $ 20,000 ) + .5 ( $ 14,000 ) = $ 17,000 By assumption , the risk premium demanded for accepting the risky package is $ 2,000 . The cost of the nonrisky package is $ 3,000 because of shirking , so the ...
76. oldal
... risky major investment facing the firm . If it is successful , the firm will earn substantial returns . If it fails , the firm will go bankrupt . Bondholders will suffer if the firm declares bankruptcy , but they will not gain if the ...
... risky major investment facing the firm . If it is successful , the firm will earn substantial returns . If it fails , the firm will go bankrupt . Bondholders will suffer if the firm declares bankruptcy , but they will not gain if the ...
Tartalomjegyzék
Make or Buy? | 3 |
Buying Complex Products | 23 |
Structuring Employment Agreements | 47 |
Copyright | |
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