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Human Capital in History
This volume honours the contributions Claudia Goldin has made to scholarship and teaching in economic history and labour economics. The chapters address some closely integrated issues: the role of human capital in the long-term development of the American economy, trends in fertility and marriage, and women's participation in economic change.
Indispensable and Other Myths
Prodded by economists in the 1970s, corporate directors began adding stock options and bonuses to the already-generous salaries of CEOs with hopes of boosting their companies’ fortunes. Guided by largely unproven assumptions, this trend continues today. So what are companies getting in return for all the extra money? Not much, according to the empirical data. In Indispensable and Other Myths: Why the CEO Pay Experiment Failed and How to Fix It, Michael Dorff explores the consequences of this development. He shows how performance pay has not demonstrably improved corporate performance and offers studies showing that performance pay cannot improve performance on the kind of tasks companies ask of their CEOs. Moreover, CEOs of large established companies do not typically have much impact on their companies’ results. In this eye-opening exposé, Dorff argues that companies should give up on the decades-long experiment to mold compensation into a corporate governance tool and maps out a rationale for returning to the era of guaranteed salaries.
Hard Lessons in Corporate Governance
Examines how and why modern corporate governance practices fail to deliver better economic, managerial, environmental, or social outcomes.
Cato Papers on Public Policy, Volume 13
The new edition of this annual publication offers highly innovative articles by recognized national experts on contemporary economic and public policy issues. The pieces selected for publication in this year's issue reveal in-depth, original research on gold pricing during the Depression, the Federal Reserve's program for managing pressures on short-term funding markets, executive compensation, and the impact of shifts in punishment policy on prison incarceration rates.
Issues for Debate in Corporate Social Responsibility
Corporate Social Responsibility: Is Good Citizenship Good for the Bottom Line?
Rethinc
Corporations are crucial to society’s well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and the society at large. Prof. Ram Mohan identifies the three main problems that ail companies and illustrates the ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at the lower levels in decision-making. Executive compensation has spiralled steeply in recent years because the process of determining it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders. Rethinc contends that the solution lies in the...
Brookings Papers on Economic Activity 2005
Topics include inflation dynamics and the distribution of income, underdiversification in 401(k) plans, gauging employment, and central bank transparency and the signal value of prices.
Beyond Rationality
In Beyond Rationality: Contemporary Issues, scholars from a variety of disciplines explore the concept of “irrationality” in today’s increasingly complex world. Combining both theory and practice, this is essential reading for anyone wishing to understand such diverse puzzles as why citizens often readily support dictatorships, how terrorists “reason,” and why seemingly rational people often make irrational choices.
The Director's Manual
Directors: Improve Board Performance The Director's Manual: A Framework for Board Governance offers current and aspiring board members essential up-to-date governance guidance that blends rigorous research-based information with the wisdom found only through practical, direct experience. The book's flexible approach to solving governance issues reflects the authors' belief that no two boards and the cultural dynamics that drive them are the same. As such, the advice offered reflects recognizable leadership dynamics and real world, relevant organizational situations. The book's two authors, Peter C. Browning, an experienced CEO and member of numerous boards and William L. Sparks, a respected ...
