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Making Partner: How it Influences Business Risk Strategy and Execution Effort

hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorLoss, Frédéric*
hal.structure.identifier
dc.contributor.authorRenucci, Antoine
HAL ID: 19209
ORCID: 0000-0002-7967-5347		*
dc.date.accessioned2020-01-25T14:01:23Z
dc.date.available2020-01-25T14:01:23Z
dc.date.issued2019
dc.identifier.issn0347-0520
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/20471
dc.language.isoenen
dc.subjectCareer concerns
dc.subjectpartnerships
dc.subjectreputation risk
dc.subjectbusiness risk
dc.subjectD83
dc.subjectG30
dc.subjectL14
dc.subjectL26
dc.subject.ddc338en
dc.subject.classificationjelL.L2.L26en
dc.subject.classificationjelL.L1.L14en
dc.subject.classificationjelG.G3.G30en
dc.subject.classificationjelD.D8.D83en
dc.titleMaking Partner: How it Influences Business Risk Strategy and Execution Effort
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenAssociates need reputation and financial resources to make partner at law firms, consultancies, or venture capital organizations. We provide a theory for how this prospect influences the business risk strategy they pursue and their execution effort. In our model, business risk affects how reputation evolves and the benchmark reputation for making partner through the impact of execution effort on the financial resources accumulated. We show that (i) when business risk is observable, high‐reputation associates take high business risk, rather than low business risk, to protect their reputation, (ii) opening partner positions decreases effort incentives of the best‐reputation associates, and we conjecture that (iii) wage dispersion at associate level should be higher when business risk is unobservable.
dc.relation.isversionofjnlnameThe Scandinavian Journal of Economics
dc.relation.isversionofjnldate2019
dc.relation.isversionofdoi10.1111/sjoe.12390
dc.relation.isversionofjnlpublisherWiley
dc.subject.ddclabelEconomie industrielleen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintouien
dc.description.ssrncandidatenon
dc.description.halcandidatenon
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2020-04-10T12:26:35Z
hal.author.functionaut
hal.author.functionaut


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