Waseda Organizational and Financial Economics Seminar:
“Image Concerns in Teams” (May 13)
講演者 / Speaker
ITOH, Hideshi （Professor, Waseda University）
- Field of Research Interests
Contract theory, organizational economics, behavioral economics
日 時 / Date & Time
Monday, 13 May 2019, 13:00 – 14:30
会 場 / Venue
Rm. #1111 on the 11th floor, Building #11, Waseda University
主 旨 / Outline
“Image Concerns in Teams”
The purpose of the paper is to analyze theoretically how social image concerns affect motivation problems in team production. One prominent feature of teams is mutual monitoring. Under close teamwork it is likely that team members can observe their effort each other, and they care about how their intrinsic motivation toward team performance and extrinsic incentives to do well for their own sake are evaluated by (some of) the other members. Image concerns can either attenuate or aggravate the free-rider problem. I show that the average team effort can increase with team size because the weaker monetary incentives in larger teams raise the marginal reputational return to effort. I next classify the agents into “insiders” and “outsiders” and show that replacing insiders by outsiders may have positive incentive effects. The results explain why increasing the number of independent directors or hiring a new CEO from outside (“new blood”) can have significant and positive effects on firm performance.
プログラム / Schedule
13:00～13:05 Opening Remarks （MIYAJIMA, Hideaki (Advisor, WIAS / Professor, Waseda University)）
13:05～14:05 Presentation
14:05～14:25 Question-and-answer session
14:25～14:30 Concluding Remarks（MIYAJIMA, Hideaki ）
対 象 / Prospected Audience
Faculty and staff members of a university, grad students, undergraduates, the general public
主 催 / Organizer
Research Institute of Business Administration, Waseda University
Waseda Institute for Advanced Study, Waseda University
申込み / Registration
Free of charge. Please come to the event venue directly.
