Sales maximization and specific human capital

Article Abstract:

Company owners often reward their top managers with salary increases because of its positive impact on sales and profit. This relationship can also be applied in the case of regular employees, where bargaining then ensues as employee wages are then tied up to investment. Optimal results are obtained when managerial contracts are defined as functions of sales and profits, while underinvestment by workers in company-specific human capital is also resolved.

Employee incentives, Incentives (Business)

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Capital structure

Article Abstract:

Research into types of capital structure decisions is presented. The financial effects of various models of debt-equity choice such as tradeoff theory, free cash flow theory and pecking order theory are analysed.

Finance, Corporations, Corporate finance, Debt financing (Corporations), Debt financing, Leverage (Finance), Leverage, Capital

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Human capital, growth and inequality in Russia

Article Abstract:

Russia is not producing skills needed for a market economy, despite having much human capital. Educational restructuring is needed rather than less in subsidies for public education.

EDUCATIONAL SERVICES, Education, Russia, Social aspects, Education and state, Education policy

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