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Persistent link: https://www.econbiz.de/10011444192
We document a stylized fact that more than 10% of S&P 1500 companies have hired a CEO who starts the job near or above the retirement age of 65 years old (Retiring CEOs). This phenomenon exists among all industries and persists over time. This finding is puzzling because conventional wisdom...
Persistent link: https://www.econbiz.de/10012839814
This paper studies, in a world with differing priors, the role of organizational beliefs and managerial vision in the behavior and performance of corporations. The paper defines vision operationally as a very strong belief by the manager about the right course of action for the firm. The...
Persistent link: https://www.econbiz.de/10014035014
Many observers consider the most important responsibility of the board of directors its responsibility to hire and fire the CEO. To this end, an interesting situation arises when a CEO resigns and the board chooses neither an internal nor external candidate, but a current board member as...
Persistent link: https://www.econbiz.de/10011870297
We provide new evidence that the subjective “look of competence” rather than beauty is important for CEO selection and compensation. Our experiments, studying the facial traits of CEOs using nearly 2,000 subjects, link facial characteristics to both CEO compensation and performance. In one...
Persistent link: https://www.econbiz.de/10013008947
We conduct beauty contest experiments, using close to 2,000 subjects to study the facial traits of CEOs. In one experiment we use pairs of photographs and find that subjects rate CEO faces as appearing more "competent" and less "likable" than non-CEO faces. Another experiment matches CEOs from...
Persistent link: https://www.econbiz.de/10013144751
We conduct beauty contest experiments, using close to 2,000 subjects to study the facial traits of CEOs. In one experiment we use pairs of photographs and find that subjects rate CEO faces as appearing more "competent" and less "likable" than non-CEO faces. Another experiment matches CEOs from...
Persistent link: https://www.econbiz.de/10012462745
In everyday life, each person makes this or that decision. The management decision is one of the central places in the … management system. If you describe the full management cycle, management activities through functions, then in any of these … functions is present two elements: preparation and implementation of the decision. The management decision is the answer to the …
Persistent link: https://www.econbiz.de/10014103726
Persistent link: https://www.econbiz.de/10011892426
vermindert werden. Das Froschungsziel der vorliegenden Arbeit ist die Entwicklung eines Instrumentariums für die Beurteilung …
Persistent link: https://www.econbiz.de/10003825888