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Do entrepreneurs matter?
Becker, Sascha O.; Hvide, Hans K. - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010291523
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Does high inflation cause central bankers to lose their job?: evidence based on a new data set
Dreher, Axel; Sturm, Jan-Egbert; de Haan, Jakob - 2007
This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...
Persistent link: https://www.econbiz.de/10010274039
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Do markets care about central bank governor changes?: evidence from emerging markets
Moser, Christoph; Dreher, Axel - 2007
Central bank governor changes in emerging markets may convey important signals about future monetary policy. Based on a new daily data set, this paper examines the reactions of foreign exchange markets, domestic stock market indices and sovereign bond spreads to central bank governor changes....
Persistent link: https://www.econbiz.de/10010275868
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Connections and performance in bankers' turnover: better wed over the mixen than over the moor
Battistin, Erich; Graziano, Clara; Parigi, Bruno Maria - 2008
survival of top executives (Presidents, CEOs and General Managers) to bank performance and the manager's local connections …-manager appointments. We measure the extent? of managers' local connections by the distance between the province of the bank's headquarters … and the manager's province of birth. We show that top managers tend to be local in the sense that the distribution of this …
Persistent link: https://www.econbiz.de/10010276145
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In search for yield? New survey-based evidence on bank risk taking
Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2011
There is growing consensus that the conduct of monetary policy can have an impact on financial and economic stability through the risk-taking incentives of banks. Falling interest rates might induce a 'search for yield' and generate incentives to invest into risky activities. This paper provides...
Persistent link: https://www.econbiz.de/10010274819
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The value of the revolving door: Political appointees and the stock market
Luechinger, Simon; Moser, Christoph - 2012
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10010288250
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How does the market use citation data? The Hirsch Index in Economics
Ellison, Glenn - 2010
A large literature following Hirsch (2005) has proposed citation-based indexes that could be used to rank academics. This paper examines how well several such indexes match labor market outcomes using data on the citation records of young tenured economists at 25 U.S. departments. Variants of...
Persistent link: https://www.econbiz.de/10010274893
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Regional implications of financial market development: Credit rationing, trade, and location
von Ehrlich, Maximilian; Seidel, Tobias - 2013
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...
Persistent link: https://www.econbiz.de/10010291520
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Managerial talent, motivation, and self-selection into public management
Delfgaauw, Josse; Dur, Robert - 2008
brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions … return to managerial ability is always highest in the private sector. As a result, relatively many of the more able managers …
Persistent link: https://www.econbiz.de/10010264466
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The effects of a bonus tax on manager compensation and welfare
Radulescu, Doina Maria - 2010
managers between countries whereas in the second scenario relocation possibilities exist. Our findings show that the effort …
Persistent link: https://www.econbiz.de/10010270463