document that investors recognize this skill and reward it by investing more capital with skilled managers. Higher skilled … managers are paid more and there is a strong positive correlation between current managerial compensation and future …

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 …

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 …

Hedge fund managers contribute substantial personal capital, or "skin in the game," into their funds. While these … allocations may better align incentives, managers may also strategically allocate their private capital in ways that negatively …