Power & Resource Dependence
The informal sector is ubiquitous in Africa and other emerging markets. The performance of these informal firms can be significantly influenced by informal institutions. But what are the deep roots of informal institutions? And how have they interacted with the colonial shocks in Africa?
Read MoreWhen companies go public with salary information, the average productivity of their employees does not decline. But small shifts in work output are highly individualized, and they may reflect workers’ responses to how closely they feel their efforts align with the pay.
Read MoreWhile social influence is a powerful, positive force for financial markets under most circumstances, under crisis conditions, it can have unanticipated, adverse consequences.
Read MoreWhen both board power and expertise were present alongside an overconfident CEO, the results were remarkable…
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