We investigate whether competition between two firms to hire managers with different abilities might affect the product … managers might lead to an efficiency improvement in the market of the firm that attracts the most efficient manager. …

This Paper provides an overview of the main theoretical elements and empirical underpinnings of a ‘managerial power … instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in …

We provide evidence on the match between firms, managers and incentives using a new survey designed for this purpose … managers are heterogeneous. Following the sources of heterogeneity observed in the data, we assume that firms differ by … than non-family firms. Managers differ in their degree of risk aversion and talent. The entry of firms and managers, the …

focuses on developing a theoretical framework for process design in order to provide some guidelines for managers. The …

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

is delegated to a cohort of full?time executives, there needs to be “good” managers. In Britain, however, ownership …

. Managers who were socialised in state socialist combines are still a large proportion of East German economic elites. Owing to …