Bertrand, Marianne; Schoar, Antoinette - Sloan School of Management, Massachusetts Institute of … - 2003
manager fixed effects matter for a wide range of corporate decisions. A significant extent of the heterogeneity in investment …, financial and organizational practices of firms can be explained by the presence of manager fixed effects. We identify specific … show that management style is significantly related to manager fixed effects in performance and that managers with higher …