relative to single managers. During the financial crisis, however, the performance premium of teams becomes negative, which may …

prestigious media awards, we document a significant positive stock market performance of competitors of superstar CEOs subsequent … geographically close to an award winner and who are not entrenched. We observe an increase in risk-taking, operating performance and … innovation activity of superstars’ competitors as potential channels for this positive performance. Our results suggest a …

The management of universities demands data on teaching and research performance. While teaching parameters can be … measured via student performance and teacher evaluation programs, the connection of research outputs and their grant …

We investigate hedge fund firms' unobserved performance (UP), measured as the risk-adjusted return difference between a …-race, UP better forecasts fund performance than other predictors. We find that UP is positively associated with a fund firm …

This paper investigates the impact of stress testing results on bank's equity and CDS performance using a large sample …