Tinic and West (1984) argue that a tradeoff between risk and return exists only in January. This study demonstrates that it is not just the January Effect on stock returns which is related to the measured risk-return relationship and how that measure is apparently affected by the calendar. Other...

We use unique data from 245 stores of a UK retailer to study links among middle (store) manager skills, sales, and manager pay. We find that, of the six management practice areas surveyed, the most important is "commercial awareness," where abler managers achieve up to 13.9% higher sales per...