IDEAS home Printed from https://ideas.repec.org/a/bla/stratm/v38y2017i2p232-254.html
   My bibliography  Save this article

Alleviating managerial dilemmas in human-capital-intensive firms through incentives: Evidence from M&A legal advisors

Author

Listed:
  • Olivier Chatain
  • Philipp Meyer-Doyle

Abstract

No abstract is available for this item.

Suggested Citation

  • Olivier Chatain & Philipp Meyer-Doyle, 2017. "Alleviating managerial dilemmas in human-capital-intensive firms through incentives: Evidence from M&A legal advisors," Strategic Management Journal, Wiley Blackwell, vol. 38(2), pages 232-254, February.
  • Handle: RePEc:bla:stratm:v:38:y:2017:i:2:p:232-254
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/smj.2473
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Aigner, Dennis J., 1973. "Regression with a binary independent variable subject to errors of observation," Journal of Econometrics, Elsevier, vol. 1(1), pages 49-59, March.
    2. Teppo Felin & Nicolai J. Foss & Koen H. Heimeriks & Tammy L. Madsen, 2012. "Microfoundations of Routines and Capabilities: Individuals, Processes, and Structure," Journal of Management Studies, Wiley Blackwell, vol. 49(8), pages 1351-1374, December.
    3. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4, National Bureau of Economic Research, Inc.
    4. Ron Adner & Constance E. Helfat, 2003. "Corporate effects and dynamic managerial capabilities," Strategic Management Journal, Wiley Blackwell, vol. 24(10), pages 1011-1025, October.
    5. Edward P. Lazear, 2009. "Firm-Specific Human Capital: A Skill-Weights Approach," Journal of Political Economy, University of Chicago Press, vol. 117(5), pages 914-940, October.
    6. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    7. Empson, Laura, 2004. "Organizational identity change: managerial regulation and member identification in an accounting firm acquisition," Accounting, Organizations and Society, Elsevier, vol. 29(8), pages 759-781, November.
    8. Daniel A. Levinthal & Brian Wu, 2010. "Opportunity costs and non‐scale free capabilities: profit maximization, corporate scope, and profit margins," Strategic Management Journal, Wiley Blackwell, vol. 31(7), pages 780-801, July.
    9. Sinan Aral & Erik Brynjolfsson & Marshall Van Alstyne, 2012. "Information, Technology, and Information Worker Productivity," Information Systems Research, INFORMS, vol. 23(3-part-2), pages 849-867, September.
    10. Kyle J. Mayer & Deepak Somaya & Ian O. Williamson, 2012. "Firm-Specific, Industry-Specific, and Occupational Human Capital and the Sourcing of Knowledge Work," Organization Science, INFORMS, vol. 23(5), pages 1311-1329, October.
    11. Ai, Chunrong & Norton, Edward C., 2003. "Interaction terms in logit and probit models," Economics Letters, Elsevier, vol. 80(1), pages 123-129, July.
    12. Adina Dabu & Clint Chadwick, 2009. "Human Resources, Human Resource Management, and the Competitive Advantage of Firms: Toward a More Comprehensive Model of Causal Linkages," Post-Print hal-00481157, HAL.
    13. Martine R. Haas, 2006. "Acquiring and Applying Knowledge in Transnational Teams: The Roles of Cosmopolitans and Locals," Organization Science, INFORMS, vol. 17(3), pages 367-384, June.
    14. J. P. Eggers & Sarah Kaplan, 2009. "Cognition and Renewal: Comparing CEO and Organizational Effects on Incumbent Adaptation to Technical Change," Organization Science, INFORMS, vol. 20(2), pages 461-477, April.
    15. Jacob A. Mincer, 1974. "Schooling and Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 41-63, National Bureau of Economic Research, Inc.
    16. Constance E. Helfat, 1994. "Firm-Specificity in Corporate Applied R&D," Organization Science, INFORMS, vol. 5(2), pages 173-184, May.
    17. Boris Groysberg & Linda-Eling Lee & Ashish Nanda, 2008. "Can They Take It With Them? The Portability of Star Knowledge Workers' Performance," Management Science, INFORMS, vol. 54(7), pages 1213-1230, July.
    18. Frank Jr. , Douglas H. & Obloj , Tomasz, 2013. "Firm-Specific Human Capital, Organizational Incentives, and Agency Costs: Evidence from Retail Banking," HEC Research Papers Series 999, HEC Paris.
    19. Tomasz Obloj & Metin Sengul, 2012. "Incentive Life-cycles: Learning and the Division of Value in Firms," Post-Print hal-00853783, HAL.
    20. Ian Larkin, 2014. "The Cost of High-Powered Incentives: Employee Gaming in Enterprise Software Sales," Journal of Labor Economics, University of Chicago Press, vol. 32(2), pages 199-227.
    21. David J. Teece, 2003. "Expert talent and the design of (professional services) firms," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 12(4), pages 895-916, August.
    22. Sendil K. Ethiraj & Pranav Garg, 2012. "The Division of Gains from Complementarities in Human-Capital-Intensive Activity," Organization Science, INFORMS, vol. 23(3), pages 725-742, June.
    23. Greene, William, 2010. "Testing hypotheses about interaction terms in nonlinear models," Economics Letters, Elsevier, vol. 107(2), pages 291-296, May.
    24. David J. Teece, 2007. "Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance," Strategic Management Journal, Wiley Blackwell, vol. 28(13), pages 1319-1350, December.
    25. Maureen Blyler & Russell W. Coff, 2003. "Dynamic capabilities, social capital, and rent appropriation: ties that split pies," Strategic Management Journal, Wiley Blackwell, vol. 24(7), pages 677-686, July.
    26. Clint Chadwick & Adina Dabu, 2009. "Human Resources, Human Resource Management, and the Competitive Advantage of Firms: Toward a More Comprehensive Model of Causal Linkages," Organization Science, INFORMS, vol. 20(1), pages 253-272, February.
    27. AIGNER, Dennis J., 1973. "Regression with a binary independent variable subject to errors of observation," LIDAM Reprints CORE 130, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    28. Tomasz Obloj & Metin Sengul, 2012. "Incentive Life-cycles: Learning and the Division of Value in Firms," Post-Print hal-00731048, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Evan Starr & Martin Ganco & Benjamin A. Campbell, 2018. "Strategic human capital management in the context of cross‐industry and within‐industry mobility frictions," Strategic Management Journal, Wiley Blackwell, vol. 39(8), pages 2226-2254, August.
    2. Jillian Chown, 2020. "Financial Incentives and Professionals’ Work Tasks: The Moderating Effects of Jurisdictional Dominance and Prominence," Organization Science, INFORMS, vol. 31(4), pages 887-908, July.
    3. Guoli Chen & Sterling Huang & Philipp Meyer‐Doyle & Denisa Mindruta, 2021. "Generalist versus specialist CEOs and acquisitions: Two‐sided matching and the impact of CEO characteristics on firm outcomes," Strategic Management Journal, Wiley Blackwell, vol. 42(6), pages 1184-1214, June.
    4. Alan Benson & Ben A. Rissing, 2020. "Strength from Within: Internal Mobility and the Retention of High Performers," Organization Science, INFORMS, vol. 31(6), pages 1475-1496, November.
    5. Gianluigi Giustiziero, 2021. "Is the division of labor limited by the extent of the market? Opportunity cost theory with evidence from the real estate brokerage industry," Strategic Management Journal, Wiley Blackwell, vol. 42(7), pages 1344-1378, July.
    6. Ithai Stern & Xin Deng & Guoli Chen & Huasheng Gao, 2021. "The “butterfly effect” in strategic human capital: Mitigating the endogeneity concern about the relationship between turnover and performance," Strategic Management Journal, Wiley Blackwell, vol. 42(13), pages 2493-2510, December.
    7. Crystal Le & Jing Pu & Seungho Choi, 2023. "The Effect of State Ownership on a Cross-Border Acquisition Wave," Sustainability, MDPI, vol. 15(10), pages 1-14, May.
    8. Guoli Chen & Philipp Meyer‐Doyle & Wei Shi, 2021. "Hedge fund investor activism and human capital loss," Strategic Management Journal, Wiley Blackwell, vol. 42(12), pages 2328-2354, December.
    9. Xiang Zhou & Samma Faiz Rasool & Jing Yang & Muhammad Zaheer Asghar, 2021. "Exploring the Relationship between Despotic Leadership and Job Satisfaction: The Role of Self Efficacy and Leader–Member Exchange," IJERPH, MDPI, vol. 18(10), pages 1-20, May.
    10. Anatoli Colicev & Tuuli Hakkarainen & Torben Pedersen, 2023. "Multi‐project work and project performance: Friends or foes?," Strategic Management Journal, Wiley Blackwell, vol. 44(2), pages 610-636, February.
    11. Harsh Ketkar & Maciej Workiewicz, 2022. "Power to the people: The benefits and limits of employee self‐selection in organizations," Strategic Management Journal, Wiley Blackwell, vol. 43(5), pages 935-963, May.
    12. Ma, Li & Zhai, Xin & Zhong, Weiguo & Zhang, Zhi-Xue, 2019. "Deploying human capital for innovation: A study of multi-country manufacturing firms," International Journal of Production Economics, Elsevier, vol. 208(C), pages 241-253.
    13. Vanessa C. Burbano & John Mamer & Jason Snyder, 2018. "Pro bono as a human capital learning and screening mechanism: Evidence from law firms," Strategic Management Journal, Wiley Blackwell, vol. 39(11), pages 2899-2920, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tomasz Obloj & Peter Zemsky, 2015. "Value creation and value capture under moral hazard: Exploring the micro-foundations of buyer– supplier relationships," Strategic Management Journal, Wiley Blackwell, vol. 36(8), pages 1146-1163, August.
    2. Ganna Vakhitova & Christopher R. Bollinger, 2011. "Labor Market Return to Computer Skills: Using Microsoft Certification to Measure Computer Skills," Discussion Papers 46, Kyiv School of Economics.
    3. Ferreira Sequeda, Maria & Künn, Annemarie & de Grip, Andries, 2016. "Work-related learning and skill development in Europe: Does initial skill mismatch matter?," Research Memorandum 027, Maastricht University, Graduate School of Business and Economics (GSBE).
    4. Pompei, Fabrizio & Selezneva, Ekaterina, 2021. "Unemployment and education mismatch in the EU before and after the financial crisis," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 448-473.
    5. Bo-Xiang Hsu & Yi-Min Chen, 2021. "Why university matters: the impact of university resources on foreign workers’ human and social capital accumulation," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 45-61, March.
    6. Christopher R. Bollinger & Barry T. Hirsch, 2006. "Match Bias from Earnings Imputation in the Current Population Survey: The Case of Imperfect Matching," Journal of Labor Economics, University of Chicago Press, vol. 24(3), pages 483-520, July.
    7. Tim Heubeck, 2024. "Looking back to look forward: a systematic review of and research agenda for dynamic managerial capabilities," Management Review Quarterly, Springer, vol. 74(4), pages 2243-2287, December.
    8. Ralph Stinebrickner & Todd Stinebrickner & Paul Sullivan, 2019. "Job Tasks, Time Allocation, and Wages," Journal of Labor Economics, University of Chicago Press, vol. 37(2), pages 399-433.
    9. Jesper Bagger & Francois Fontaine & Fabien Postel-Vinay & Jean-Marc Robin, 2014. "Tenure, Experience, Human Capital, and Wages," Post-Print hal-01301431, HAL.
    10. Dan A. Black & Lars Skipper & Jeffrey A. Smith & Jeffrey Andrew Smith, 2023. "Firm Training," CESifo Working Paper Series 10268, CESifo.
    11. Jesper Bagger & Francois Fontaine & Fabien Postel-Vinay & Jean-Marc Robin, 2014. "Tenure, Experience, Human Capital, and Wages," Post-Print hal-01301431, HAL.
    12. Jesper Bagger & Fran?ois Fontaine & Fabien Postel-Vinay & Jean-Marc Robin, 2014. "Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics," American Economic Review, American Economic Association, vol. 104(6), pages 1551-1596, June.
    13. Carl Sanders & Christopher Taber, 2012. "Life-Cycle Wage Growth and Heterogeneous Human Capital," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 399-425, July.
    14. Kritkorn Nawakitphaitoon, 2014. "Occupational Human Capital and Wages: The Role of Skills Transferability Across Occupations," Journal of Labor Research, Springer, vol. 35(1), pages 63-87, March.
    15. Garcia-Louzao, Jose & Hospido, Laura & Ruggieri, Alessandro, 2023. "Dual returns to experience," Labour Economics, Elsevier, vol. 80(C).
    16. Stefan Schmid & Sebastian Baldermann, 2021. "CEOs’ International Work Experience and Compensation," Management International Review, Springer, vol. 61(3), pages 313-364, June.
    17. Fossen, Frank M. & Büttner, Tobias J.M., 2013. "The returns to education for opportunity entrepreneurs, necessity entrepreneurs, and paid employees," Economics of Education Review, Elsevier, vol. 37(C), pages 66-84.
    18. Flore Bridoux & Régis Coeurderoy & Rodolphe Durand, 2017. "Heterogeneous social motives and interactions: The three predictable paths of capability development," Strategic Management Journal, Wiley Blackwell, vol. 38(9), pages 1755-1773, September.
    19. William Fernando Durán & David Aguado & Jesús Perdomo-Ortiz, 2023. "Relationship between CEO’s strategic human capital and dynamic capabilities: a meta-analysis," Management Review Quarterly, Springer, vol. 73(4), pages 1631-1666, December.
    20. Shawn M. Riley & Steven C. Michael & Joseph T. Mahoney, 2017. "Human capital matters: Market valuation of firm investments in training and the role of complementary assets," Strategic Management Journal, Wiley Blackwell, vol. 38(9), pages 1895-1914, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stratm:v:38:y:2017:i:2:p:232-254. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0143-2095 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.