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Despite the importance placed on supervision in the workplace, little is known about the effects of a boss' leadership … region, high SAT, and undergraduate institution as their bosses who also have strong leadership qualities retain at the …
Persistent link: https://www.econbiz.de/10012987143
We examine how an increase in stock option grants affects CEO risk-taking. The overall net effect of option grants is theoretically ambiguous for risk-averse CEOs. To overcome the endogeneity of option grants, we exploit institutional features of multi-year compensation plans, which generate two...
Persistent link: https://www.econbiz.de/10012902373
control markets (i.e., where interstate banking is permitted) require talented managers whose levels of compensation are … higher. We also find that the compensation-performance relationship is stronger than for managers in markets where interstate …
Persistent link: https://www.econbiz.de/10013125319
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to …
Persistent link: https://www.econbiz.de/10012830234
This paper develops a simple equilibrium model of CEO pay. CEOs have different talents and are matched to firms in a competitive assignment model. In market equilibrium, a CEO%u2019s pay changes one for one with aggregate firm size, while changing much less with the size of his own firm. The...
Persistent link: https://www.econbiz.de/10012779748
In this study, we empirically test “quiet life hypothesis,” which predicts that managers who are subject to weak … behaviors and the results indicate that entrenched managers who are insulated from disciplinary power of stock market avoid … making difficult decisions such as large investments and business restructures. However, when managers are closely monitored …
Persistent link: https://www.econbiz.de/10012948061
document that investors recognize this skill and reward it by investing more capital with skilled managers. Higher skilled … managers are paid more and there is a strong positive correlation between current managerial compensation and future …
Persistent link: https://www.econbiz.de/10013104724
We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …
Persistent link: https://www.econbiz.de/10013067126
We empirically analyze the nature of returns to scale in active mutual fund management. We find strong evidence of … avoid econometric biases are insignificant. We also find that the active management industry has become more skilled over …
Persistent link: https://www.econbiz.de/10013059086
management and governance that deserves the attention of researchers …
Persistent link: https://www.econbiz.de/10012773127