Format:
1 Online-Ressource (43 p)
Content:
Does public ownership have negative consequences for professional service firms by reducing employee incentives? I address this question with a panel of advertising agencies. Public ownership was associated with inferior performance for small agencies but not for large agencies; and there was no association between ownership and agency creativity, indicating that public ownership did not preclude agencies from competing with strategies requiring highly-skilled professionals. The results challenge existing theories of the ownership models of professional service firms
Note:
In: Academy of Management Journal, Forthcoming
Language:
Undetermined
