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promoted management training trips for European managers at US firms. Through the analysis of reports compiled by UK, France …, Germany, and Italian participating firms, I first document that these companies claimed between 5 and 10% yearly productivity …
Persistent link: https://www.econbiz.de/10014447280
This essay reviews Bebchuk and Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation". Bebchuk and Fried criticize the standard view of executive compensation, in which executives negotiate contracts with shareholders that provide incentives that motivate them to...
Persistent link: https://www.econbiz.de/10012465861
In this paper, we review Otmar Issing's career as the ECB's inaugural chief economist and we document many notable successes. We try to infer some general principles that contributed to these successes and draw some lessons. In doing so, we review the evidence using Woodford's (2003) recent...
Persistent link: https://www.econbiz.de/10012466391
performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year … -- implying that top executives in Germany have longer tenures than their counterparts in the U.S. and Japan. Turnover of the …
Persistent link: https://www.econbiz.de/10012474534
learning algorithm. The algorithm uncovers two distinct behavioral types: "leaders" and "managers". Leaders focus on multi …-function, high-level meetings, while managers focus on one-to-one meetings with core functions. Firms with leader CEOs are on average …
Persistent link: https://www.econbiz.de/10012455433
This paper replicates a classic study of the American business elite. The older study done a half-century ago, reported … the composition of the" American business elite has changed. As in the earlier study, the business elite is compared to a …" sample of political leaders. I find that democratization of the business elite has progressed only" slightly in the past …
Persistent link: https://www.econbiz.de/10012472609
This paper asks whether elite colleges help students outside of historically advantaged groups reach top positions in … discontinuity design based on admissions rules at elite business-focused degree programs in Chile. The 1.8% of college students …
Persistent link: https://www.econbiz.de/10012455780
This paper begins the task of explaining why the American business elite has remained white, male and mostly native … that this demographic group makes the best business managers. I suggest that this in turn is not because they are …
Persistent link: https://www.econbiz.de/10012471993
Introduction / Josh Lerner and Antoinette Schoar -- International perspectives on the nature of entrepreneurship -- Explaining international differences in entrepreneurship: the role of individual characteristics and regulatory constraints / Silvia Ardagna and Annamaria Lusardi -- Who are the...
Persistent link: https://www.econbiz.de/10013480724
Persistent link: https://www.econbiz.de/10013480759