Waseda Organizational and Financial Economics Seminar:
“Image Concerns in Teams” (5/13)
講演者 / Speaker
伊藤 秀史 （早稲田大学 商学学術院 教授）
- 研究分野 関心領域
契約理論, 組織の経済学, 行動経済学
日 時 / Date & Time
2019年5月13日（月） 13:00～14:30
会 場 / Venue
早稲田大学 早稲田キャンパス 11号館 11階 1111教室
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 開会の挨拶（宮島 英昭 早稲田大学高等研究所 顧問 ／ 商学学術院 教授）
13:05～14:05 講演
14:05～14:25 質疑応答
14:25～14:30 閉会の挨拶（宮島 英昭）
対 象 / Prospected Audience
学部生・大学院生・教職員・一般
主 催 / Organizer
早稲田大学 産業経営研究所
早稲田大学 高等研究所
申込み / Registration
事前申込み不要です。直接会場にお越しください。
