Fidelity versus Performance

Andrea Prat, Oriana Bandiera, Luigi Guiso and Raffaella Sadun

in The Ruling Class

Published in print September 2010 | ISBN: 9780199588282
Published online January 2011 | e-ISBN: 9780191595417 | DOI:
Fidelity versus Performance

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This chapter draws evidence on the personnel policies of firms. It briefly describes the two competing models analysed before, the performance model and the fidelity model. It then assesses how the type of managerial model affects the selection of managers into the firm, their effort and behaviour, their income and job satisfaction, and ultimately the firm's performance.

Keywords: model; family; relationship; performance; effort; activities; CEOs

Chapter.  7933 words.  Illustrated.

Subjects: Financial Markets

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