Showing 1 - 10 of 11
Adequate wages are an important tool to shield public officials from special interests and corruption. But what is the equilibrium effect of higher wages in the presence of criminal pressure groups, who use both bribes and violence? By means of a regression discontinuity design, we show that an...
Persistent link: https://www.econbiz.de/10014337819
While female CEOs are under-represented, the barriers they face in the business environment remain poorly understood. This study investigates the influence of gender bias in forming CEOs' business networks. Using transaction data of 1 million Japanese firms, we find that CEOs of the same gender...
Persistent link: https://www.econbiz.de/10014337848
Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has … come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over … environmental and social issues. Major fund managers now offer their investors a choice: delegate their votes to the fund or cast …
Persistent link: https://www.econbiz.de/10014337868
Economics has long studied how consumers respond to the disclosure of information about firms. We study a case in which the disclosed information is unrelated to the product or firm leadership, but which could still potentially affect consumer patronage through the mechanism of repugnance, as...
Persistent link: https://www.econbiz.de/10014421207
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193
promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France …
Persistent link: https://www.econbiz.de/10014447280
across organizations. A remaining question, however, is whether it is managers themselves or firm-wide management practices … this setting, managers move between stores but management practices are set by firm policy and largely fixed, allowing us … to hone in on managers' personal roles in determining store performance. We find: (i) managers affect and explain a large …
Persistent link: https://www.econbiz.de/10014250209
example, managers selecting a wage schedule consider a set of alternative wages while employees are hired at a given rate. We …
Persistent link: https://www.econbiz.de/10013435173
Most research on the CEO labor market studies public company CEOs while largely ignoring CEOs in private equity (PE) funded companies. We fill this gap by studying the market for CEOs among U.S. companies purchased by PE firms in large leveraged buyout transactions. 71% of those companies hired...
Persistent link: https://www.econbiz.de/10013537791
that affected managers' productivity. We use email data and a survey to explore the mechanisms behind these spillovers and … find that managers' increased output arises from reductions in the need to help lower level employees. Accounting for …
Persistent link: https://www.econbiz.de/10013334442