associated with the conflict between managers and shareholders. To counteract this effect the managers/owners increase the share …

When managers have objectives beyond maximizing monetary profits, inefficiencies may arise. An increase in competition … may then force managers to improve the productivity of the firm in order to ensure survival. While this hypothesis has … received ample theoretical attention, empirical evidence is scarce, mainly because preferences of managers are typically …

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the …

"spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …

Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when … managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge …-invariant ability of the manager as well as overall firm performance. We find that the export experience gained by managers in previous …