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The Impact of Competition on Management Quality : Evidence from Public Hospitals

Bloom, Nicholas - 2010

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to construct instrumental variables for market...

Persistent link: https://www.econbiz.de/10012462620

Personnel Economics : Hiring and Incentives

Oyer, Paul - 2010

We survey the Personnel Economics literature, focusing on how firms establish, maintain, and end employment relationships and on how firms provide incentives to employees. This literature has been very successful in generating models and empirical work about incentive systems. Some of the...

Persistent link: https://www.econbiz.de/10012462675

Who’s Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives

Gilje, Erik P. - 2019

We derive a measure that captures the extent to which overlapping ownership structures shift managers' incentives to …

Persistent link: https://www.econbiz.de/10012479596

Risk Perceptions, Board Networks, and Directors' Monitoring

Ding, Wenzhi; Chen, Lin; Schmid, Thomas; Weisbach, … - National Bureau of Economic Research - 2021

What makes independent directors perform their monitoring duty? One possible reason is that they are worried about being sanctioned by regulators if they do not monitor sufficiently well. Using unique features of the Chinese financial market, we estimate the extent to which independent...

Persistent link: https://www.econbiz.de/10012585458

Fire in the Belly? Employee Motives and Innovative Performance in Startups versus Established Firms

Sauermann, Henry - 2017

employees' greater willingness to bear risk. We discuss implications for research as well as for managers and policy makers …

Persistent link: https://www.econbiz.de/10012455582

Employee Ownership, Employee Attitudes, and Firm Performance

Kruse, Douglas - 1995

Employee ownership in U.S. companies has grown substantially in the past 20 years. This paper reviews and provides some meta-analyses on the accumulated evidence concerning the prevalence, causes, and effects of employee ownership, covering 25 studies of employee attitudes and behaviors, and 27...

Persistent link: https://www.econbiz.de/10012473598

Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction

Malmendier, Ulrike - 2004

market reacts significantly more negatively to takeover bids by overconfident managers …

Persistent link: https://www.econbiz.de/10012467876

What Is CEO Overconfidence? Evidence from Executive Assessments

Kaplan, Steven N. - 2020

We use detailed assessments of CEO personalities to explore the option-based measure of CEO overconfidence, Longholder, introduced by Malmendier and Tate (2005a) and widely used in the behavioral corporate finance and economics literatures. Longholder is significantly related to several specific...

Persistent link: https://www.econbiz.de/10012481157

CEO Overconfidence and Innovation

Galasso, Alberto - 2010

Are CEOs' attitudes and beliefs linked to their fims' innovative performance? This paper uses Malmendier and Tate's measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's "revealed beliefs" about future performance and standard measures of...

Persistent link: https://www.econbiz.de/10012462611

Corporate Resilience to Banking Crises : The Roles of Trust and Trade Credit

Levine, Ross - 2016

Are firms more resilient to systemic banking crises in economies with higher levels of social trust? Using firm …-level data in 34 countries from 1990 through 2011, we find that liquidity-dependent firms in high-trust countries obtain more … trade credit and suffer smaller drops in profits and employment during banking crises than similar firms in low-trust …

Persistent link: https://www.econbiz.de/10012456522