Showing 1 - 10 of 53
This paper studies the effect of changes in foreign competition on the structure of compensation and incentives of U.S. executives. We measure foreign competition as import penetration and use tariffs and exchange rates as instrumental variables to estimate its causal effect on pay. We find that...
Persistent link: https://www.econbiz.de/10012713787
This paper studies the effect of changes in foreign competition on the structure of compensation and incentives of U.S. executives. We measure foreign competition as import penetration and use tariffs and exchange rates as instrumental variables to estimate its causal effect on pay. We find that...
Persistent link: https://www.econbiz.de/10012714024
The preconditioning allows to beef cattle gaining weight. The objective was to evaluate the economic feasibility of this practice, considering diets, average daily gain and livestock´s buy-sale prices. The evaluated diets were prepared by a specialist in animal nutrition for preconditioning...
Persistent link: https://www.econbiz.de/10011250401
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...
Persistent link: https://www.econbiz.de/10011111093
Ninety percent of FDI between developed countries takes the form of a merger/acquisition rather then greenfield investment, and as shown by Guadalupe, Thomas and Kuzmina (forthcoming), multinationals tend to buy the most productive firms within countries. Two thirds of the MNC productivity...
Persistent link: https://www.econbiz.de/10011080009
This paper empirically characterizes the matching between firms in domestic and cross-border mergers and acquisitions (M&A). The analysis is guided by a theoretical framework constructed following the premises of the new trade theory. It assumes that firms are heterogeneous, within the industry...
Persistent link: https://www.econbiz.de/10011081832
This paper estimates the effects of Say-on-Pay (SoP); a policy that increases shareholder "voice" by providing shareholders with a regular vote on executive pay. We apply a regression discontinuity design to the votes on shareholder-sponsored SoP proposals. Adopting SoP leads to large increases...
Persistent link: https://www.econbiz.de/10011084697
This paper uses a rich panel dataset of Spanish manufacturing firms (1990-2006) and a propensity score reweighting estimator to show that multinational firms acquire the most productive domestic firms, which, on acquisition, conduct more product and process innovation (simultaneously adopting...
Persistent link: https://www.econbiz.de/10010815582
This paper shows that top management structures in large US firms radically changed since the mid-1980s. While the number of managers reporting directly to the CEO doubled, the growth was driven primarily by functional managers rather than general managers. Using panel data on senior management...
Persistent link: https://www.econbiz.de/10010884351
This paper shows that increasing product market competition can have a direct impact on the employment relationship and on wage inequality. I develop a simple model in which an increase in product market competition increases returns to skill through the effect of competition on the sensitivity...
Persistent link: https://www.econbiz.de/10010884671