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Local Dividend Clienteles
Becker, Bo - 2010
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
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How are Employers Responding to an Aging Workforce?
Clark, Robert L.; Ritter, Beth - 2022
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
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Modern Management : Good for the Environment or Just Hot Air?
Bloom, Nicholas - 2014
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
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The Internal Governance of Firms
Acharya, Viral V. - 2010
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
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Matching Firms, Managers and Incentives
Bandiera, Oriana - 2012
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
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Business Strategy and the Management of Firms
Yang, Mu-Jeung - 2015
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
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The Corporate Governance Role of the Media : Evidence from Russia
Dyck, I. J. Alexander - 2010
We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This setting offers us three ideal conditions for such a study: plenty of corporate governance violations, no alternative mechanisms to address them, and the presence of an investment...
Persistent link: https://www.econbiz.de/10012760634
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Innovation, Firm Dynamics, and International Trade
Atkeson, Andrew - 2015
We present a general equilibrium model of the decisions of firms to innovate and to engage in international trade. We use the model to analyze the impact of a reduction in international trade costs on firms' process and product innovative activity. We first show analytically that if all firms...
Persistent link: https://www.econbiz.de/10012750342
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Which CEO Characteristics and Abilities Matter?
Kaplan, Steven N. - 2014
We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...
Persistent link: https://www.econbiz.de/10012751371
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The Effect of Venture Capital on Innovation Strategies
Penas, María Fabiana - 2014
We examine a unique dataset of Dutch companies, some of which have received venture financing. The data include detailed information on innovation activities and other company characteristics. We analyse the role of venture finance in influencing innovation strategies. We find that venture...
Persistent link: https://www.econbiz.de/10012751726