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We exploit demographic variation to identify the effect of dividend demand on corporate payout policy. Retail investors tend to hold local stocks and older investors prefer dividend-paying stocks. Together, these tendencies generate geographically-varying demand for dividends. Firms...
Persistent link: https://www.econbiz.de/10013152095
The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and...
Persistent link: https://www.econbiz.de/10013324531
We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...
Persistent link: https://www.econbiz.de/10013115322
We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …
Persistent link: https://www.econbiz.de/10012751267
We develop a model of internal governance where the self-serving actions of top management are limited by the potential …
Persistent link: https://www.econbiz.de/10013149975
This book comprises eighteen cutting edge chapters by emerging scholars in international strategy, offering a variety of fresh perspectives on critical issues that the field will face in the near future. These young scholars have unique and innovative thoughts about international strategy, which...
Persistent link: https://www.econbiz.de/10012419986
in small and medium-sized firms. The last section examines emerging dimensions in management policy … dimensions of management policy …
Persistent link: https://www.econbiz.de/10011851717
The contributors to this volume explore the emerging patterns of SME growth and international expansion in response to the evolving competitive environment, dynamics of competitive behavior, entrepreneurial processes and formulation of strategy
Persistent link: https://www.econbiz.de/10011851905
secure persistently superior performance via investments in better management and organization. We empirically analyze the … management is driven by two key organizational trade-offs: employee initiative vs. coordination as well as exploration of novel …
Persistent link: https://www.econbiz.de/10013030140
Benjamin Klein and Keith B. Leffler (1981), 'The Role of Market Forces in Assuring Contractual Performance', Journal of Political Economy, 89 (4), August, 615-41 -- I.P.L. Png and David Reitman (1995), 'Why Are Some Products Branded and Others Not?', Journal of Law and Economics, XXXVIII (1),...
Persistent link: https://www.econbiz.de/10011852258