IDEAS home Printed from https://ideas.repec.org/a/cai/finpug/fina_373_0005.html
   My bibliography  Save this article

Government Awards as Economic Instruments of Governance

Author

Listed:
  • Linus Siming

Abstract

This paper investigates if government awards can act as instruments that influence corporate behaviour. For identification I use the staggered introduction of orders of merit in six German states after the reunification. The introduction of orders leads to a fall in profitability but an increase in employment. However, CEOs who ultimately receive the awards are not running less profitable firms than CEOs who do not win awards but they employ more people. The performance of the honoured CEOs does not worsen after they have received an order. Overall, the results suggest that government awards function as economic instruments of governance.

Suggested Citation

  • Linus Siming, 2016. "Government Awards as Economic Instruments of Governance," Finance, Presses universitaires de Grenoble, vol. 37(3), pages 5-29.
    • Handle: RePEc:cai:finpug:fina_373_0005
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=FINA_373_0005
    Download Restriction: free
    File URL: http://www.cairn.info/revue-finance-2016-3-page-5.htm
    Download Restriction: free
    ---><---

    Citations

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


    Cited by:

    1. repec:hal:journl:hal-04659614 is not listed on IDEAS

    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:cai:finpug:fina_373_0005. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-finance.htm .

    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.