We examine the relationship between wages and skill requirements in a sample of over 50,000 managers in 39 companies …

This paper develops a novel method to identify the causal contribution of managers to team performance. The method … requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is … someone who consistently causes their team to produce more than the sum of their parts. Good managers have roughly twice the …

In this paper we explore cross-sectional differences in the behavior and performance of mutual fund managers. In our … simplest regression of a fund's market excess return on characteristics of its manager we find that younger managers earn much … higher returns than older managers and that managers who attended colleges with higher average SAT scores earn much higher …

This paper examines the effect of the benefits of corporate control to managers on the relationship between managerial … the acquiring firm increases, the interests of managers are more closely aligned with those of shareholders, reducing the … acquisition premium. At sufficiently high levels of managerial ownership, managers value a reduction in the risk of their …