Based on administrative data from the federal employment services in Germany, this paper applies statistical matching …

advanced management practices. Many of these practices – including monitoring, goal setting, and the use of incentives – are … unique data set that combines detailed survey data on the management practices of German manufacturing firms with … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and …

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the … US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm …-level productivity, profitability, Tobin%u2019s Q, sales growth and survival rates. Management practices also display significant cross …

Indirect incentives exist in the money management industry when good current performance increases future inflows of … managers. Flows respond quickly and strongly to performance; lagged performance has a monotonically decreasing impact on flows … times as large as direct incentives from incentive fees and returns to managers' own investment in the fund. For new funds …

Stock prices react significantly to the tone (negativity of words) managers use on earnings conference calls. This …

We propose a model where investors hire fund managers to invest either in risky bonds or in riskless assets. Some … managers have superior information on the default probability. Looking at the past performance, investors update beliefs on … their managers and make firing decisions. This leads to career concerns which affect investment decisions, generating a …